What is nifty and what is nifty futures
What Is Nifty?This is the first word that every new investor comes across while investing in stock market. Most of the people really get confused between shares and Nifty 50 Index.
Suggested Reading - Click to read list of NSE holidays.
Nifty is an Index of 50 shares introduced by National Stock Exchange of India, it contains 50 major company's shares trading in stock exchange. The name NIFTY itself contains 2 words `National` and `FIFTY` they word 50 is used because of 50 shares in it from 24 sectors like pharma, cements, steel, FMGC, petro.... and so on. So Nifty figure is calculated on the bases of 50 shares in it which NSE shuffles it time to time as per company performance. An index is basically an indicator. It gives you the basic idea weather most of the stocks/shares are moving up or down so according investors can make position in stock market.
National stock exchange is the biggest and the most popular stock exchange in the country. There are other stock exchanges in country like Bombay stock exchange, Delhi stock exchange, Bangalore stock exchange but they are not popular due to low trading in them. So most of the traders prefer trading in NSE or BSE as they purchase or sell share whenever they feel like.
CNX Nifty is owned and managed by India Index Services and Products Ltd. (IISL). IISL is India's first specialised company focused upon the index as a core product.
What is Nifty And Nifty Futures. Now you must have come across with other same word NIFTY FUTURES. Well all above you have read is actually Nifty Spot which is a weighted average of 50 stocks, but if you want to trade in it then you can not, for that exchange has introduced NIFTY FUTURES. If a traders wants to trade in Nifty futures then the minimum share lot is 50 which exchanges keeps on revising as per the value of Nifty futures.
The price of Nifty spot and Nifty varies from time to time sometimes it comes in premium or on discount. It varies because of traders position in it.
Check out the list of 50 share listed in Nifty Index. Please note NSE keeps on shuffle its list from time to time. Please visit NSE site for latest Nifty 50 stock list.
List On 50 Shares constitute the Nifty Index
|ACC Ltd.||Ambuja Cem.||Asian Paints||Axis Bank Ltd.||Bajaj Auto Ltd|
|Bank Baroda||BHEL||BPCL||Bharti Airtel||Cairn India|
|Cipla Ltd.||Coal India Ltd.||DLF Ltd.||Dr. Reddy`s||GAIL|
|Grasim||HCL Tech||HDFC Bank||Hero MotoCorp||Hindalco Inds|
|Hind Unilever||HDFC Ltd||ITC Ltd||ICICI Bank||Infosys Ltd|
|IDFC||JP Associates||Jindal Steel||Kotak Mahindra||L&T|
|Lupin||M&M||Maruti Udyog||NTPC||ONGC Corp|
|Power Grid||PNB||Ranbaxy||Reliance Inds||Reliance Infra|
|Sesa Sterlite||NMDC||SBIN||Sun Pharma||TCS|
|TATA Motors||TATA Power||TATA Steel||Ultratech Cem||Indusind Bank|