Why is Nifty called "Nifty"

I wonder why Nifty is called as nifty and Sensex is called as Sensex.
Is there any actual meaning for these words ?

The term Nifty is derived from the combination National and Fifty as Nifty consists of 50 actively traded stocks

Courtesy : Google

What about ‘Sensex’ ?

The BSE SENSEX (also known as the S&P Bombay Stock Exchange Sens itive Index or simply the SENSEX )

As such there is no meaning to it , but this was suggested& coined by a stock market trader " Deepak mohani "

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