Nifty 50 is the flagship index of the National Stock Exchange (NSE). It is managed by NSE Indices Ltd, a subsidiary of NSE. National Stock Exchanged is a leading exchange in India and ranks number 2 in the world due to the number of trades from January to December 2018. It is the first index to launch electronic or screen-based trading in India. NSE Indices Limited, which is formerly known as IISL, is a subsidiary of NSE. Its core product is the index and offers various indexes and index-related services to capital markets. It not only owns and manages NIFTY 50 but the entire range of equity indices of NIFTY. For example, thematic indices, benchmark indices, sectoral indices, and strategy indices. The company also maintains fixed income indices based on government securities, money market securities, and corporate bonds