NIFTY Full Form is National Stock Exchange Fifty. Nifty is India’s major stock index and was introduced by the National Stock Exchange. This term is coined by joining the words ‘National’ and ‘fifty’, which refers to the 50 active company stocks it comprises of. To simply put, Nifty or Nifty 50 is a benchmark stock index for NSE or National Stock Exchange.
It is an average of the 50 companies listed on the NSE. Nifty futures contracts are one of the most traded in India. It even overtakes the SENSEX futures. Nifty was started in 1995 with a base of 1000. Currently, it has reached around 6000. As of 2012, it had 50 best Indian companies in the list. It’s weighted average of 50 bests stocks from about 24 sectors.