Things to know about Nifty 50 Index
The Nifty 50 can be thought of as a snapshot of the overall health of the Indian stock market. When the Nifty 50 goes up, it generally indicates that the Indian economy is doing well. It’s an important benchmark for investors, traders, and financial institutions to track the performance of the Indian stock market.
A Brief History of the NIFTY 50
In the early 1990s, stock trading in India was manual, conducted on physical floors, and prone to manipulation due to weak oversight and lack of transparency. Settlements took weeks, leading to delays and lost certificates, impacting investor confidence.
The Harshad Mehta scam of 1992 exposed inefficiencies in the financial system, including outdated technology and lack of regulation. This prompted the Indian government and SEBI to modernize the market structure.
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