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Nifty Bank 21 May, 2024

Like the Sensex, Nifty is a popular equity index in India. The Nifty is composed of 50 stocks. The Nifty 50 is owned and managed by NSE Indices Limited. As an index, the Nifty 50 Index represents about 66.8% of the free float market capitalization of the stocks listed on NSE as on March 29, 2019. A highly efficient index, the impact cost of the Nifty for a portfolio size of Rs 50 lakh is about 0.02%. The Nifty 50 was launched on April 1 in the year 1996, and is one of the many stock indices of NSE. It can be traded and invested in by investors as well as market intermediaries. Other popular indices include Bank Nifty, Nifty IT just to name a few. Do note that Nifty index variants include NIFTY50 USD, NIFTY 50 Total Returns Index and NIFTY50 Dividend Points Index.