Banknifty

The term CNX Nifty refers to a regional stock market index found on the  National Stock Exchange  (NSE) of India. The index is composed of 50 of the largest and most liquid stocks found on the  exchange . The Nifty 50, as it is commonly known, is used to represent the market for  benchmarking  Indian investments, among other reasons.  Similar to other major stock indexes such as the S&P 500, companies must meet  market capitalization  and  liquidity  requirements before they may be included in the index.