Asian markets are trading higher on hopes for a fast recovery and on the news for a coronavirus vaccine from Pfizer and BioNTech, which provided promising results in early-stage human trials.
In this section, you will find important NIFTY 50 news, actionable trading ideas, and a NIFTY 50 chart to help you understand the Indian equity index better.
The primary benchmark of the National Stock Exchange of India (NSE) is the NIFTY 50 index, a free-float and market capitalization-weighted index. The NIFTY 50 was initially calculated using the full market capitalization methodology, but since June 26, 2009, the computation of the index was changed to the free-float methodology.
The Indian NIFTY 50 Index today represents approximately 66.8% of the free-float market capitalization of the stocks listed on NSE National Stock Exchange. The base period for the Nifty 50 is November 3, 1995, and the base value for the Nifty 50 index has been set at 1000 and a base capital of Rs 2.06 trillion. The index consists of 50 stocks from 24 different sectors and includes some of the most prominent Indian companies such as Tata Motors, Tata Steel, Yes Bank, Nestle India Ltd, Infosys, etc.
Here you can find a trading chart for the NIFTY 50 Index and all the news that affect the NIFTY 50.
Live Nifty 50 CFD Chart
Nifty 50 News
Asian stocks ended mixed on Wednesday after reaching two-month highs as the expectations of further stimulus and a V-shaped recovery, supports risky assets around the globe. Wall Street finished higher yesterday after the U.S. ISM Non-Manufacturing PMI came in at 45.4
Nifty 50 trade sharply higher today mirroring the stock rally in other major markets across the globe. Nifty 50 is a laggard as today makes two-week highs while Wall Street made yesterday 10-week highs.
Nifty 50 index ended higher for the second consecutive session after Finance Minister of India Nirmala Sitharaman announced relief measures to help India’s poor with the cash transfers, and food distribution. Meanwhile, the number of confirmed coronavirus cases climbed to 650, and the death toll rose to 13.
NIFTY 50 is trading at its lowest level in more than 2 years as Indian stocks sustain losses on coronavirus fears. As of this writing, the index is in the red by over 8.20%. It is trading at its July 3, 2017 lows at 9,593.00.