The Stock Market is a huge player in the era of business. The value of the stock market mirrors the performance of any firm or organization. In India, the NIFTY stands as a prominent benchmark index on the NSE (National Stock Exchange). NIFTY 50 is the symbol of the nation’s economic pulse. The NIFTY full form is National Stock Exchange FIFTY. It is also referred to as NIFTY 50, NIFTY CNX, or NIFTY simple. Continue reading to learn more about NIFTY full form!
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Formula to Calculate NIFTY
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NIFTY is the broad-based stock index that routes the performance of the 50 most liquid as well as actively traded stocks. Those highly traded stocks are listed on the National Stock Exchange (NSE) of India. These stocks represent a diverse range of industries, including financials, consumer goods, IT, and energy providing a brief scenario of the economic condition of India.
Here is the formula to Calculate NIFTY:
NIFTY = Current Market Value / Base Market Capital * 1000
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List of Top Firms in NIFTY
Mentioned below is the list of Top firms included in NIFTY:
- Reliance Industries Ltd.
- HDFC Ltd.
- Infosys Ltd.
- HDFC Bank Ltd.
- ICICI Bank Ltd.
- Larsen & Toubro Ltd.
- Axis Bank Ltd.
- Kotak Mahindra Bank Ltd.
- ACC Limited
- Ambuja Cements Ltd.
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Importance of NIFTY for Investors
NIFTY is important for investors because –
- It is a tool to evaluate the portfolio performance.
- It helps in tracking the market trends and overall sentiments.
- Investors can make decisions based on the performance of NIFTY or NIFTY50.
- NIFTY helps in the investment into diversification of multiple sectors.
- The liquidity of NIFTY helps investors buy and sell their shares without any impact.
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