NIFTY 50 tracks 50 major Indian companies across multiple industries. It uses free-float-adjusted market-cap weighting and is a widely followed measure of India's large-cap stock market.
History and development
Nifty 50 launched on April 22, 1996, using November 3, 1995, as its base date and 1,000 as its base value. The base date therefore predates publication. Its selection of 50 major companies across industries has provided a stock-market perspective on India's economic development.
References: NSE Indices: factsheet
Comparing charts on this board
Compare Nifty 50 with the Hang Seng and TAIEX to track India's relative strength within Asia. Resilience in India while the others weaken directs attention to country-specific news and industry composition.
Nearby oil prices provide context for an energy-importing economy's costs and inflation. Compare matching trading dates: these indices use different local currencies and sessions. Then follow India's response after a sharp oil move.
Related charts: Hang Seng · TAIEX · WTI Oil Perp
Official references: NSE Indices: Nifty 50