What is nifty meaning?

Nifty is an acronym used for the National Stock Exchange Fifty Index, which is popularly known as Nifty 50. It is one of the two major stock indices in India, the other being the BSE Sensex. Nifty 50 represents a diversified basket of 50 Indian companies from 13 different sectors, accounting for approximately 65% of the total market capitalization of the NSE. The index is calculated using free float market capitalization weighted methodology, which means that the stocks with higher market capitalization have a higher impact on the index value. The Nifty 50 provides a comprehensive and broad-based benchmarking tool for investors and traders to track the overall performance of the Indian stock markets.