Nifty 50 Index is a broad-based index consisting of 50 blue chip large and liquid stocks traded on the National Stock Exchange of India. Since its inception in November 1995, the Nifty 50 Index has successfully become the ‘stock of the nation’, helping investors gauge the pulse of Indian capital market. It has lived up to its core purpose of providing a fair representation of the Indian equity market focusing on portfolio diversification, liquidity and replicability. Nifty 50 collectively represents approximately 52% of the total full market capitalization and around 63% of the free float market capitalization of listed stocks on the NSE, based on 6 month average as of June 30,2023.
Over the last 27 years, the Nifty 50 has become the most widely used benchmark for exchange traded products on Indian equity market. It has gained immense popularity among domestic and international investors who rely on it to track the performance of the Indian equity market and make informed investment decisions.
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