NIFTY 50
| Logo | |
| 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 |
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 of October 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 26 March 2019:
| Company Name | Symbol | Sector |
|---|---|---|
| Adani Ports & SEZ Limited | ADANIPORTS.NS | Services - Shipping |
| Asian Paints Ltd | ASIANPAINT.NS | Consumer Goods |
| Axis Bank | AXISBANK.NS | Banking |
| Bajaj Auto | BAJAJ-AUTO.NS | Automobile |
| Bajaj Finance | BAJFINANCE.NS | Financial Services |
| Bajaj Finserv | BAJAJFINSV.NS | Financial Services |
| Bharti Airtel | BHARTIARTL.NS | Telecommunication |
| Bharti Infratel Ltd. | INFRATEL.NS | Telecommunication |
| BPCL | BPCL.NS | Energy - Oil & Gas |
| Cipla | CIPLA.NS | Pharmaceuticals |
| Coal India | COALINDIA.NS | Metals |
| Dr. Reddy's Laboratories | DRREDDY.NS | Pharmaceuticals |
| Eicher Motors | EICHERMOT.NS | Automobile |
| GAIL | GAIL.NS | Energy - Oil & Gas |
| Grasim Industries | GRASIM.NS | Cement |
| HCL Technologies | HCLTECH.NS | Information Technology |
| HDFC | HDFC.NS | Financial Services |
| HDFC Bank | HDFCBANK.NS | Banking |
| Hero MotoCorp | HEROMOTOCO.NS | Automobile |
| Hindalco Industries | HINDALCO.NS | Metals |
| Hindustan Unilever | HINDUNILVR.NS | Consumer Goods |
| HPCL | HINDPETRO.NS | Energy - Oil & Gas |
| ICICI Bank | ICICIBANK.NS | Banking |
| Indiabulls Housing Finance | IBULHSGFIN.NS | Financial Services |
| IndusInd Bank | INDUSINDBK.NS | Banking |
| Infosys | INFY.NS | Information Technology |
| IOC | IOC.NS | Energy - Oil & Gas |
| ITC Limited | ITC.NS | Consumer Goods |
| JSW Steel | JSWSTEEL.NS | Metals |
| Kotak Mahindra Bank | KOTAKBANK.NS | Banking |
| Larsen & Toubro | LT.NS | Construction |
| Mahindra & Mahindra | M&M.NS | Automobile |
| Maruti Suzuki | MARUTI.NS | Automobile |
| NTPC Limited | NTPC.NS | Energy - Power |
| ONGC | ONGC.NS | Energy - Oil & Gas |
| PowerGrid Corporation of India | POWERGRID.NS | Energy - Power |
| Reliance Industries | RELIANCE.NS | Energy - Oil & Gas |
| State Bank of India | SBIN.NS | Banking |
| Sun Pharmaceutical | SUNPHARMA.NS | Pharmaceuticals |
| Tata Consultancy Services | TCS.NS | Information Technology |
| Tata Motors | TATAMOTORS.NS | Automobile |
| Tata Steel | TATASTEEL.NS | Metals |
| Tech Mahindra | TECHM.NS | Information Technology |
| Titan Company | TITAN.NS | Consumer Goods |
| UltraTech Cement | ULTRACEMCO.NS | Cement |
| United Phosphorus Limited | UPL.NS | Chemicals |
| Vedanta | VEDL.NS | Metals |
| Wipro | WIPRO.NS | Information Technology |
| Yes Bank | YESBANK.NS | Banking |
| Zee Entertainment Enterprises | ZEEL.NS | Media & 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 Name | Symbol | Sector |
|---|---|---|
| ABB | ABB | Industrial Manufacturing |
| ACC | ACC | Cement |
| Aditya Birla Capital | ABCAPITAL | Financial Services |
| Ambuja Cements | AMBUJACEM | Cement |
| Ashok Leyland | ASHOKLEY | Automobile |
| Aurobindo Pharma | AUROPHARMA | Pharmaceuticals |
| Avenue Supermarts | DMART | Consumer Goods |
| Bandhan Bank | BANDHANBNK | Banking |
| Bank of Baroda | BANKBARODA | Banking |
| BEL | BEL | Industrial Manufacturing |
| BHEL | BHEL | Industrial Manufacturing |
| Biocon | BIOCON | Pharmaceuticals |
| Bosch | BOSCHLTD | Automobile |
| Britannia Industries | BRITANNIA | Consumer Goods |
| Cadila Healthcare | CADILAHC | Pharmaceuticals |
| Colgate-Palmolive | COLPAL | Consumer Goods |
| Container Corporation of India | CONCOR | Services - Transport & Logistics |
| Dabur | DABUR | Consumer Goods |
| DLF | DLF | Construction |
| General Insurance Corporation of India | GICRE | Financial Services |
| Godrej Consumer Products Limited | GODREJCP | Consumer Goods |
| Havells | HAVELLS | Consumer Goods |
| HDFC Standard Life Insurance | HDFCLIFE | Financial Services |
| Hindustan Zinc | HINDZINC | Metals |
| ICICI Lombard General Insurance | ICICIGI | Financial Services |
| ICICI Prudential Life Insurance | ICICIPRULI | Financial Services |
| Idea Cellular | IDEA | Telecommunication |
| Interglobe Aviation | INDIGO | Services - Transport & Logistics |
| L&T Finance | L&TFH | Financial Services |
| LIC Housing Finance | LICHSGFIN | Financial Services |
| Lupin Limited | LUPIN | Pharmaceuticals |
| Marico | MARICO | Consumer Goods |
| Motherson Sumi Systems | MOTHERSUMI | Automobile |
| MRF | MRF | Automobile |
| New India Assurance | NIACL | Financial Services |
| NHPC Limited | NHPC | Energy - Power |
| NMDC | NMDC | Metals |
| Oil India | OIL | Energy - Oil & Gas |
| Oracle Financial Services Software | OFSS | Information Technology |
| Petronet LNG | PETRONET | Energy - Oil & Gas |
| Pidilite Industries | PIDILITIND | Chemicals |
| Piramal Enterprises | PEL | Pharmaceuticals |
| Procter & Gamble | PGHH | Consumer Goods |
| SAIL | SAIL | Metals |
| SBI Life Insurance Company | SBILIFE | Financial Services |
| Shree Cement | SHREECEM | Cement |
| Shriram Transport Finance | SRTRANSFIN | Financial Services |
| Siemens | SIEMENS | Industrial Manufacturing |
| Sun TV Network | SUNTV | Media & Entertainment |
| United Spirits | MCDOWELL-N | Consumer Goods |
See also
References
- ^ "Broadmarket indices - NIFTY 50 Index". https://nseindia.com. NSE - National stock exchange (official website). Retrieved 29 November 2017.
{{cite web}}: External link in|website= - ^ https://www.nseindia.com/content/press/PR_cc_12052016.pdf
- ^ NIFTY 50 loses importance to sectoral indices
- ^ "Sectoral weightage of CNX Nifty 50 Index" (PDF).
- ^ "CNX Nifty Index Methodology" (PDF).
- ^ "NSE - National Stock Exchange of India Ltd". www.nseindia.com.
- ^ "News18.com: CNN-News18 Breaking News India, Latest News, Current News Headlines". News18. Retrieved 2017-12-21.
- ^ "Global mayhem: Sensex crashes 1624 pts; Nifty breaches 7900". Moneycontrol. Retrieved 2017-12-21.
- ^ Bureau/Agencies, Our (2016-06-24). "Sensex, Nifty reel as Brexit spooks world markets". The Hindu Business Line. Retrieved 2017-12-21.
- ^ Nathan, Narendra (2016-11-14). "How demonetisation and Donald Trump's victory impact your investments". The Economic Times. Retrieved 2017-12-21.
- ^ [1]