What was nifty stands for?

Question

What was nifty stands for?

Answer 1

The word "Nifty" was used a lot in the 30's, 40's, and 50's. It means that its handy or useful. It can also mean cool or neat!

Answer 2

stock exchange

Answer 3

Since this is in the investment section, I think this is what you are looking for,  according to bloomberg.com

http://www.bloomberg.com/apps/quote?tick...

The S&P CNX Nifty, a weighted average index, is the leading index for large companies on the National Stock Exchange of India. It consists of 50 companies representing 24 sectors of the economy. The base level is defined as 1000 on November 3, 1995. In January 2005, its level was almost 2000.