NIFTY Full Form

What is the full form of NIFTY?

The full form of NIFTY is the National stock exchange FIFTY. It is also recognized as Nifty 50, Nifty simple, or Nifty CNX. It is a benchmark index on the NSE (National Stock Exchange) in India for large firms. It includes fifty stock exchanges that cover 23 economic sectors.

Top firms included in NIFTY

1. Asian Paints Ltd.
2. Ambuja Cements Ltd.
3. Axis Bank Ltd.
4. ACC Limited
5. Bajaj Auto Ltd.
6. Bharat Heavy Electricals Limited
7. Bharti Airtel Ltd.
8. Bharat Petroleum Corporation
9. Bank of Baroda
10. Cipla Ltd.
11. Cairn India Ltd.
12. Coal India Ltd.
13. Dr. Reddy’s Laboratories Ltd.
14. GAIL (India) Ltd.
15. Grasim Industries Ltd.
16. HDFC Bank Ltd.
17. HCL Technologies Ltd.
18. Hindustan Unilever Ltd.
19. Housing Development Finance Corporation Ltd.
20. Hero MotoCorp Ltd.
21. Hindalco Industries Ltd.
22. ITC Limited
23. Infosys Ltd.
24. IndusInd Bank Ltd.
25. IDFC Ltd.
26. Idea Cellular Ltd.
27. ICICI Bank Ltd.
28. Kotak Mahindra Bank Ltd.
29. Lupin Limited
30. Larsen and Toubro Ltd.
31. Maruti Suzuki India Ltd.
32. Mahindra and Mahindra Ltd.
33. NTPC Limited
34. NMDC Limited
35. Oil & Natural Gas Corporation Ltd.
36. Punjab National Bank
37. PowerGrid Corporation of India Ltd.
38. Reliance Industries Ltd.
39. Sun Pharmaceutical Industries Ltd.
40. State Bank of India
41. Sesa Sterlite Limited
42. Tech Mahindra Ltd.
43. Tata Steel Ltd.
44. Tata Power Co. Ltd.
45. Tata Motors Ltd.
46. Tata Consultancy Services Ltd.
47. UltraTech Cement Ltd.
48. Yes Bank Ltd.
49. Wipro
50. Zee Entertainment Enterprises Ltd.

Utilization of NIFTY

IISL (India Index Services and Products Ltd.), which is a partnership between NSE & CRISIL, owns and operates Nifty. NIFTY is used for several reasons, a few are listed below.

• Portfolios of Benchmarking funds
• Derivatives dependent on Index
• Funds from indexes and so on.