Nifty was established in which year?
- 1952
- 1965
- 1996
- None of these
Answer: c.1996
Answer Explanation
It is correct because Nifty, also known as the Nifty 50 or NSE Nifty, was established in 1996. It is the benchmark index of the National Stock Exchange of India (NSE) and includes 50 of the largest and most actively traded stocks listed there.
Why the other options are not correct
a. 1952:
This option is incorrect as the National Stock Exchange of India was incorporated in 1992 and commenced operations in November 1994. The Nifty, which is the index of the NSE, was introduced in 1996.
b. 1965:
As mentioned earlier, the NSE was founded in 1992, and Nifty was first launched in 1996, so this option is also incorrect.
d. None of these:
This option is incorrect because the correct answer is option (c) 1996. Since NSE Nifty was established in 1996, it has become one of India’s most prominent stock market indices.
Conclusion
In conclusion, Nifty, the benchmark index of the National Stock Exchange of India (NSE), was established in the year 1996. It comprises 50 of the largest and most actively traded stocks listed on the NSE. In addition to 1952 and 1965, neither of these options correspond to the correct year of Nifty’s establishment.
To make informed investment decisions and understand the performance of the Indian stock market, accurate information about significant financial institutions and indices like Nifty is essential.
Which of the following are responsible for the fluctuations in the Sensex?