NIFTY 50

NIFTY 50 Index
Operator India Index Services and Products
Exchanges National Stock Exchange of India
Constituents 50
Type Large cap
Market cap US$2.27 trillion (April 2018)
Weighting method Capitalization-weighted
Website www.nseindia.com

The NIFTY 50 index is National Stock Exchange of India's benchmark broad based stock market index for the Indian equity market. Full form of NIFTY is National Stock Exchange Fifty . It represents the weighted average of 50 Indian company stocks in 12 sectors and is one of the two main stock indices used in India, the other being the BSE sensex.[1]

Nifty is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited. IISL had a marketing and licensing agreement with Standard & Poor's for co-branding equity indices until 2013. The Nifty 50 was launched 1st April 1996, and is one of the many stock indices of Nifty.

NIFTY 50 Index has shaped up as a largest single financial product in India, with an ecosystem comprising: exchange traded funds (onshore and offshore), exchange-traded futures and options (at NSE in India and at SGX and CME abroad), other index funds and OTC derivatives (mostly offshore). NIFTY 50 is the world’s most actively traded contract. WFE, IOMA and FIA surveys endorse NSE’s leadership position.[2]

The NIFTY 50 covers 12 sectors (as on Oct 7, 2017) of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. During 2008-12, NIFTY 50 50 Index share of NSE market capitalisation fell from 65% to 29%[3] due to the rise of sectoral indices like NIFTY Bank, NIFTY IT, NIFTY Pharma, NIFTY SERV SECTOR, NIFTY Next 50, etc. The NIFTY 50 Index gives 29.70% weightage to financial services, 0.73% weightage to industrial manufacturing and nil weightage to agricultural sector.[4]

The NIFTY 50 index is a free float market capitalisation weighted index. The index was initially calculated on full market capitalisation methodology. From June 26, 2009, the computation was changed to free float methodology. The base period for the CNX Nifty index is November 3, 1995, which marked the completion of one year of operations of National Stock Exchange Equity Market Segment. The base value of the index has been set at 1000 and a base capital of Rs 2.06 trillion.[5] [6]

Components

List of 50 companies that form part of NIFTY 50 Index as in 28 September 2018:

Company NameSymbolSector
Adani Ports & SEZ LimitedADANIPORTSServices - Shipping
Asian Paints LtdASIANPAINTConsumer Goods
Axis BankAXISBANKBanking
Bajaj AutoBAJAJ-AUTOAutomobile
Bajaj FinanceBAJFINANCEFinancial Services
Bajaj FinservBAJAJFINSVFinancial Services
Bharti AirtelBHARTIARTLTelecommunication
Bharti Infratel Ltd. INFRATELTelecommunication
BPCLBPCLEnergy - Oil & Gas
CiplaCIPLAPharmaceuticals
Coal IndiaCOALINDIAMetals
Dr. Reddy's LaboratoriesDRREDDYPharmaceuticals
Eicher MotorsEICHERMOTAutomobile
GAILGAILEnergy - Oil & Gas
Grasim IndustriesGRASIMCement
HCL TechnologiesHCLTECHInformation Technology
HDFCHDFCFinancial Services
HDFC BankHDFCBANKBanking
Hero MotoCorpHEROMOTOCOAutomobile
Hindalco IndustriesHINDALCOMetals
Hindustan UnileverHINDUNILVRConsumer Goods
HPCLHINDPETROEnergy - Oil & Gas
ICICI BankICICIBANKBanking
Indiabulls Housing FinanceIBULHSGFINFinancial Services
IndusInd BankINDUSINDBKBanking
InfosysINFYInformation Technology
IOCIOCEnergy - Oil & Gas
ITC LimitedITCConsumer Goods
JSW SteelJSWSTEELMetals
Kotak Mahindra BankKOTAKBANKBanking
Larsen & ToubroLTConstruction
Mahindra & MahindraM&MAutomobile
Maruti SuzukiMARUTIAutomobile
NTPC LimitedNTPCEnergy - Power
ONGCONGCEnergy - Oil & Gas
PowerGrid Corporation of IndiaPOWERGRIDEnergy - Power
Reliance IndustriesRELIANCEEnergy - Oil & Gas
State Bank of IndiaSBINBanking
Sun PharmaceuticalSUNPHARMAPharmaceuticals
Tata Consultancy ServicesTCSInformation Technology
Tata MotorsTATAMOTORSAutomobile
Tata SteelTATASTEELMetals
Tech MahindraTECHMInformation Technology
Titan CompanyTITANConsumer Goods
UltraTech CementULTRACEMCOCement
United Phosphorus LimitedUPLChemicals
VedantaVEDLMetals
WiproWIPROInformation Technology
Yes BankYESBANKBanking
Zee Entertainment EnterprisesZEELMedia & Entertainment

Major falls

Following are some of the notable single-day falls of the NIFTY 50 Index -

Sl. No. Date Fall Reason
1 October 28, 1997 8% Investors deserted emerging Asian shares during the Asian Financial Crisis. Crashes also occurred in Thailand, Indonesia, South Korea, Philippines,
2 January 21, 2008 10% Due to the US Subprime Mortgage Crisis.
3 August 16, 2013 234.4 Points Due to depreciation of the Indian Rupee[7].
4 August 24, 2015 490.9 Points Driven by the meltdown in the Chinese Stock market[8].
5 June 24, 2016 181.5 Points Driven by the Brexit Referendum[9].
6 November 11, 2016 229.45 Points Driven by the Demonetization move by the Indian Government and the 2016 US Election Results[10].
7 February 2, 2018 256.30 Points Driven by the 2018 Union budget of India and Global breakdown.
8 September 24, 2018 175.55 Points Panic Fall, wherein in the last trading session (September 21, 2018) there were rumors of Fraud by Housing Loan companies
9 October 4, 2018 303.20 Points Panic Fall, due to Oil price Increase and rupee fall against US Dollar.
10 October 5, 2018 282.80 Points Panic Fall, due to Oil price Increase and rupee fall against US Dollar.

All Time High

  • All time Intraday high was 11760 on AUG 28 2018
  • All Time Closing High was 11738.50 on AUG 28, 2018

NIFTY Next 50

NIFTY Next 50, also called NIFTY Junior, is an index of 50 companies whose free float market capitalization comes after that of the companies in NIFTY 50. NIFTY Next 50 constituents are thus potential candidates for future inclusion in NIFTY 50.[11]

Components
Company NameSymbolSector
ABBABBIndustrial Manufacturing
ACCACCCement
Aditya Birla CapitalABCAPITALFinancial Services
Ambuja CementsAMBUJACEMCement
Ashok LeylandASHOKLEYAutomobile
Aurobindo PharmaAUROPHARMAPharmaceuticals
Avenue SupermartsDMARTConsumer Goods
Bandhan BankBANDHANBNKBanking
Bank of BarodaBANKBARODABanking
BELBELIndustrial Manufacturing
BHELBHELIndustrial Manufacturing
BioconBIOCONPharmaceuticals
BoschBOSCHLTDAutomobile
Britannia IndustriesBRITANNIAConsumer Goods
Cadila HealthcareCADILAHCPharmaceuticals
Colgate-PalmoliveCOLPALConsumer Goods
Container Corporation of IndiaCONCORServices - Transport & Logistics
DaburDABURConsumer Goods
DLFDLFConstruction
General Insurance Corporation of IndiaGICREFinancial Services
Godrej Consumer Products LimitedGODREJCPConsumer Goods
HavellsHAVELLSConsumer Goods
HDFC Standard Life InsuranceHDFCLIFEFinancial Services
Hindustan ZincHINDZINCMetals
ICICI Lombard General InsuranceICICIGIFinancial Services
ICICI Prudential Life InsuranceICICIPRULIFinancial Services
Idea CellularIDEATelecommunication
Interglobe AviationINDIGOServices - Transport & Logistics
L&T FinanceL&TFHFinancial Services
LIC Housing FinanceLICHSGFINFinancial Services
Lupin LimitedLUPINPharmaceuticals
MaricoMARICOConsumer Goods
Motherson Sumi SystemsMOTHERSUMIAutomobile
MRFMRFAutomobile
New India AssuranceNIACLFinancial Services
NHPC LimitedNHPCEnergy - Power
NMDCNMDCMetals
Oil IndiaOILEnergy - Oil & Gas
Oracle Financial Services SoftwareOFSSInformation Technology
Petronet LNGPETRONETEnergy - Oil & Gas
Pidilite IndustriesPIDILITINDChemicals
Piramal EnterprisesPELPharmaceuticals
Procter & GamblePGHHConsumer Goods
SAILSAILMetals
SBI Life Insurance CompanySBILIFEFinancial Services
Shree CementSHREECEMCement
Shriram Transport FinanceSRTRANSFINFinancial Services
SiemensSIEMENSIndustrial Manufacturing
Sun TV NetworkSUNTVMedia & Entertainment
United SpiritsMCDOWELL-NConsumer Goods

See also

References

  1. ↑ "Broadmarket indices - NIFTY 50 Index". https://nseindia.com. NSE - National stock exchange (official website). Retrieved 29 November 2017. External link in |website= (help)
  2. ↑ https://www.nseindia.com/content/press/PR_cc_12052016.pdf
  3. ↑ NIFTY 50 loses importance to sectoral indices
  4. ↑ "Sectoral weightage of CNX Nifty 50 Index" (PDF).
  5. ↑ "CNX Nifty Index Methodology" (PDF).
  6. ↑ "NSE - National Stock Exchange of India Ltd". www.nseindia.com.
  7. ↑ "News18.com: CNN-News18 Breaking News India, Latest News, Current News Headlines". News18. Retrieved 2017-12-21.
  8. ↑ "Global mayhem: Sensex crashes 1624 pts; Nifty breaches 7900". Moneycontrol. Retrieved 2017-12-21.
  9. ↑ Bureau/Agencies, Our (2016-06-24). "Sensex, Nifty reel as Brexit spooks world markets". The Hindu Business Line. Retrieved 2017-12-21.
  10. ↑ Nathan, Narendra (2016-11-14). "How demonetisation and Donald Trump's victory impact your investments". The Economic Times. Retrieved 2017-12-21.
  11. ↑

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