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The NIFTY 50 is the flagship index on the National Stock Exchange of India (NSE). It includes 50 of all companies listed on the NSE. The index, trading since April 22, 1996, covers 13 major sectors of the Indian economy. The NIFTY 50 is owned and managed by NSE Indices (previously known as India Index Services & Products Limited, India's first specialised company focused on an index as a core product). The index captures approximately 65 percent of its float-adjusted market capitalisation and is a true reflection of the Indian stock market. NIFTY 50 is one of the two main stock indices used in India, the other being the BSE SENSEX.