What is the Nifty?
The National Stock Exchange has an index, the S&P CNX Nifty. Since its inception this index, also called the Nifty Fifty, has attained great popularity among investors. Hundreds of calculations are made before 50 stocks of the NSE are selected for the index. S&P stands for Standard and Poor, a subsidiary of McGraw-Hill, and an investment advisory service that maintains one of the most widely followed benchmarks of stock market performance, the S&P 500 index. The CNX stands for CRISIL NSE Indices, the two companies that came together to form the index.
