NIFTY 50
Market basicsAn index of 50 large NSE-listed companies, weighted by free-float market capitalisation.
In plain terms
The default measure of "the Indian market". A weighted average, so the biggest names dominate it.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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GIFT Nifty
DerivativesAlso called: SGX Nifty
A US dollar-settled futures contract on the Nifty 50, traded on NSE International Exchange at GIFT City, and formerly listed in Singapore as SGX Nifty.
In plain terms
The number every 8:30 am bulletin opens with. Compare it against its own level at 3:30 pm yesterday rather than against the Nifty cash close, and the basis cancels out — what remains is the genuine overnight change. It says nothing about any individual stock.
NSE
Market basicsNational Stock Exchange of India, founded 1992 — the largest Indian exchange by turnover.
In plain terms
Where most Indian trading actually happens. Home of the NIFTY 50.