what is a stock market and what is Nifty, what is BSC please explain in simple words
Answers
The stock market refers to public markets that exist for issuing, buying and selling stocks that trade on a stock exchange or over-the-counter. Stocks, also known as equities, represent fractional ownership in a company, and the stock market is a place where investors can buy and sell ownership of such assets. An efficiently functioning stock market is considered critical to economic development, as it gives companies the ability to quickly access capital from the public.
Nifty, also called NIFTY 50, is the market index consisting of 50 well-established and financially sound companies listed on National Stock Exchange of India (NSE).
The base year is taken as 1995 and the base value is set to 1000.
Nifty is calculated using 50 large stocks which are actively traded on the NSE.
The 50 companies are selected on the basis of the free float market capitalization.
Here, the 50 top stocks are selected from different 24 sectors.
Nifty is owned and managed by India Index Services and Products (IISL)
Since inception in 1995, Nifty has given a return of 11.13%