The Nifty 50 is a stock market index that comprises of 50 of the largest publicly traded companies listed on the National Stock Exchange of India (NSE).
The index is considered to be a benchmark for the Indian stock market and is often used as a barometer for the performance of the Indian economy.
The index is calculated using free float market capitalization weighted methodology, which means that the weight of a stock in the index is determined by the market value of that stock and the number of shares available for trading.