what is nifty?

Well it could mean tidy or in slang it mean fifty it all depends on how you want to use it.

2007-01-07 18:57:10 · answer #1 · answered by Dohntaye R 1 · 0⤊ 0⤋

The common tongue meaning for nifty is a situation or thing that is useful to you or convienient. Something nifty could also be seen as mildly interesting, but not cool.
For example:
If I was stuck in the dark and I didn't have a working flashlight-it would be nifty if I found the battieries I needed in my pocket that I didn't know was there before.
OR
If my friend bought some earrings that were not in fashion, but matched her outfit perfect, I would say, "Those are nifty!"

2007-01-08 06:17:23 · answer #2 · answered by Nikki 1 · 0⤊ 0⤋

Nifty was a shortening of the word magnificant. I think it showed up in the 1700s or 1800s. Its pretty old. It was used again in the 1970s in the news alot because of the "Nifty 50" which were big payoff, solid stocks.
A few of my elderly patients still use the word on occassion.

2007-01-08 03:07:49 · answer #3 · answered by obbiegee 3 · 0⤊ 0⤋

Nifty is the name of the main index of National Stock Exchange. It consists of 50 stocks which represent the total of the Indian industry.

2007-01-08 12:41:19 · answer #4 · answered by ravi 2 · 0⤊ 0⤋

There is a slang meaning given above so I will not bore you with it.

But, the second very popular meaning is the Top of Top Stocks on the Bombay Stock Exchange.

In fact, NSE created it, and has an index that follows it. They are supposed to even have ETFs behind it by Barclays. This allows an investor in India to invest in the Top Stocks (neat huh!) of the Indian markets (like Infosys, Dr Reddy, Tata Motors etc) and get a tidy profit from the investments or trade.

Good luck.

KKP_Investor

2007-01-09 17:33:58 · answer #5 · answered by KKP_Investor 3 · 0⤊ 0⤋

If you do not know what is nifty that means you are not suppose to know it either..

still for your knowledge....Nifty is an index of of National stock exchange of India..in short called NSE....NSE is an exchange like Bombay stock exchange and just like BSE sensex which indicates the prevailing prices of stocks listed in BSE,....Nifty indicates the prevailing prices of stocks listed in NSE...

How it reflects the prevailing prices requires a little more explanations and background......you do not seem to have the necessary background...If you still want to know more then go to your local stock broker who will be more helpful.

2007-01-08 03:07:03 · answer #6 · answered by pathik 3 · 0⤊ 0⤋

nifty is index of National Stock Exchange. Nifty means Group of 50 shares(stock)
SENSEX is used in BSE(Bombay Stock Exchange)- Its a group of 30 shares(Stock)

2007-01-08 04:41:31 · answer #7 · answered by Nandu 1 · 0⤊ 0⤋

this should help
http://www.indiahowto.com/what-is-sensex-nifty.html

The Bombay Stock Exchange 30-share benchmark SENSetive indEX (sensex)
Standard & Poor's CRISIL National Stock Exchange Indices National Fifty = S&P CNX Nifty

2007-01-08 04:34:01 · answer #8 · answered by sushobhan 6 · 0⤊ 0⤋

it is national stock exchange and since it considers 50 shares to judge the ups n downs in stock market, thats why its called nifty.

2007-01-08 05:00:24 · answer #9 · answered by sakina 1 · 0⤊ 0⤋

nifty is index of nse(national stock exchange)in as a parameter of market trend in 50 company share waiteg

2007-01-08 10:50:59 · answer #10 · answered by rajesh 1 · 0⤊ 0⤋

index of NSE.. u can trade on the stocks listed on nfty as well as the nifty itself.
volume of transactions is more than sensex

2007-01-08 04:07:12 · answer #11 · answered by ? 2 · 0⤊ 0⤋

14 answers