ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -NIFTY indices are used as benchmarks for products traded on NSE. NIFTY indices served as the benchmark index for 117 ETFs listed in India and 12 ETFs listed abroad as of January 31, 2023.

Detailed explanation-2: -Nifty stands for National Stock Exchange Fifty and is the equity benchmark index of the National Stock Exchange (NSE). It was introduced by NSE in 1996, and its other aliases are Nifty 50 and CNX Nifty. One of the most critical points of difference between Sensex and Nifty is the number of stocks each index comprises.

Detailed explanation-3: -The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.

Detailed explanation-4: -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.

Detailed explanation-5: -The term Nifty is derived from the combination National and Fifty as Nifty consists of 50 actively traded stocks. Nifty is primarily an equity benchmark index which was introduced in April 21, 1996 by National Stock Exchange.