Question

What is the name of the bluechip index of the NSE?

• A. BSE Sensex
• B. CNX Nifty
• C. Dow Jones Industrial Average
• D. Nasdaq Composite

Hint:

The CNX Nifty (or Nifty 50) is the key benchmark index of the National Stock Exchange (NSE) in India.

Answer 1

The Correct Option is B

The bluechip index of the National Stock Exchange (NSE) of India is known as the CNX Nifty, also commonly referred to as the Nifty 50. It represents the performance of 50 of the largest and most liquid Indian companies listed on the NSE across 13 sectors.
- Option (A) BSE Sensex is the benchmark index of the Bombay Stock Exchange (BSE), not the NSE.
- Option (C) Dow Jones Industrial Average and (D) Nasdaq Composite are U.S.-based stock market indices and not related to the Indian stock market.
Thus, CNX Nifty is the correct answer as it tracks the top bluechip companies traded on NSE, giving a broad reflection of the Indian equity market.