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What is the nifty?

What is the nifty? please explain about the stock markets

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Nifty (or Nifty Fifty) is a weighted average index of 50 stocks which represents more than 50% of total market capitilisation of all NSE listed share and more than 95% of volume on NSE.

Nifty Fifty was an informal term used to refer to 50 popular large cap stocks on the New York Stock Exchange in the 1960s and 1970s that were widely regarded as solid buy and hold growth stocks.

The fifty are credited with propelling the bull market of the early 1970s. Most are still solid performers, although a few are now defunct or otherwise worthless.

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