What is the definition of nifty: Nifty definition

Nifty Definition Index: S&P CNX Nifty is a well diversified 50 Stock Index accounting for 21 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds. Nifty Index is for NSE Stock Exchange, Similarly, Sensex is for BSE Stock Exchange.

Indian Index Services & Products limited(called as IISL) owns NIFTY. ISSL is a joint venture of NSE & CRISIL. But CRISIL is a subsidiary of standard and Poor, there its called as S&S NIFTY or S&P CNX NIFTY.

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• The traded value for the last six months of all Nifty stocks is approximately 44.89% of the traded value of all stocks on the NSE
• Nifty stocks represent about 58.64% of the total market capitalization as on March 31, 2008.
• Impact cost of the S&P CNX Nifty for a portfolio size of Rs.2 crore is 0.15%
• S&P CNX Nifty is professionally maintained and is ideal for derivatives trading