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Company News

Skilling launches Nifty 50 index

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Currently trending index Nifty 50 has now been added to Skilling's long list of tradable CFD instruments.

Why now?

India has been classified as an emerging market after successful economic reforms and trade liberalisation, which has resulted in steady economic growth over the previous 30 years. Education reforms, strong expansion of the manufacturing and services sectors, and increased foreign direct investment have all contributed to India’s markets currently making more market headlines than ever before.

What is Nifty 50?

In the 1960s-70s the Nifty 50 Index consisted of a group of large-cap stocks that had among the highest trade valuations on the New York Stock Exchange. This includes giants such as IBM and Coca-Cola. These top 50 stocks are given credit for accelerating the US economy to the bull market it became in the 1970s.

In India, the NIFTY 50 is an index diversified across 13 sectors of the nation's economy: financial services, information technology, consumer goods, oil and gas, automobiles, telecommunications, construction, pharmaceuticals, metals, power, cement and cement products, fertilisers and pesticides, and media and entertainment.

Highly reputable brands that have survived multiple downturns over the years are today represented as blue-chip stocks. Nifty 50 in many ways resembles the blue-chip stocks of today, such as financially strong and well-perceived companies such as McDonald's, Walmart, Disney, IBM, and Coca-Cola.

Skilling continuously provides traders with the hottest trading opportunities. Widening our selection of instruments is one way we help our clients capitalise on upcoming trends. We have now launched the Nifty 50 index at this very important time to make sure no opportunities pass you by.

Trade Nifty50 with Skilling today.

Not investment advice. Past performance does not guarantee or predict future performance.

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