What is the definition of nifty: Nifty definition

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Nifty Index Definition: S&P CNX Nifty is varied 50 Stock Index construction for 21 sectors of the economy. It is utilized for a variety of purposes like benchmarking fund portfolios, index based derivatives and index funds. Nifty Index is relating to NSE Stock Exchange, Sensex Sensex is for BSE Stock Exchange.

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Indian Index Services & Products limited(also known as as IISL) owns NIFTY. ISSL is a joint project of NSE & CRISIL. But CRISIL is a subsidiary of standard and Poor, which labeled as as S&P NIFTY or, S&P CNX NIFTY.

• The traded value due to the last six months of all Nifty stocks is around 44.89% of the traded value of all stocks on the NSE
• Nifty stocks express about 58.64% of the total market exploitation 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 managed and is perfect for derivatives trading.

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Above information is what is the definition of nifty…

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