The total market capitalisation of the Nifty 50 companies is a staggering Rs 1,27,83,812 crores. IISL is a wholly owned subsidiary of NSE Strategic investment Corporation Ltd. It is owned and managed by Index and Services and Products Ltd (IISL). Nifty 50 index was launched by the NSE on 22 nd April 1996. Nifty 50 index is widely used by mutual fund companies as a benchmark to track the performance of actively managed mutual funds. Nifty 50 acts as a barometer for the overall movement of the stock market. In simple terms, Nifty 50 is a collection or a basket of the 50 most active stocks on the NSE. The term Nifty 50 is a combination of National Stock Exchange and Fifty (50). It represents the weighted average of 50 largest companies listed on the National Stock Exchange (NSE). Reading Time: 13 minutes What is NIFTY 50?
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