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NIFTY 50

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For other uses, see Nifty Fifty (disambiguation).

NIFTY 50 Index
OperatorIndia Index Services and Products
ExchangesNational Stock Exchange of India
Constituents50
TypeLarge cap
Market capUS$2.27 trillion (April 2018)
Weighting methodCapitalization-weighted
Websitewww.nseindia.com

The NIFTY 50 index is National Stock Exchange of India's benchmark broad based stock market index for the Indian equity market. NIFTY 50 stands for National Index Fifty, and represents the weighted average of 50 Indian company stocks in 17 sectors.[1] It is one of the two main stock indices used in India, the other being the BSE Sensex.[2]

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 22 April 1996, and is one of the many stock indices of Nifty.

The NIFTY 50 index has shaped up to be the largest single financial product in India, with an ecosystem consisting of exchange-traded funds (onshore and offshore), exchange-traded options at NSE,[3] and futures and options abroad at the SGX.[4] NIFTY 50 is the world's most actively traded contract. WFE, IOMA and FIA surveys endorse NSE's leadership position.[5]

The NIFTY 50 index covers 14 sectors (as on 20 Jun 2020) of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. Between 2008 & 2012, the NIFTY 50 index's share of NSE's market capitalisation fell from 65% to 29%[6] 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 a weightage of 39.47% to financial services, 15.31% to Energy, 13.01% to IT, 12.38% to Consumer Goods, 6.11% to Automobiles and 0% to the agricultural sector.[7]

The NIFTY 50 index is a free float market capitalisation weighted index. The index was initially calculated on a full market capitalisation methodology. On 26 June 2009, the computation was changed to a free-float methodology. The base period for the NIFTY 50 index is 3 November 1995, which marked the completion of one year of operations of the National Stock Exchange Equity Market Segment. The base value of the index has been set at 1000 and a base capital of ₹ 2.06 trillion.[8][9] In February 2019, Britannia Industries entered the Nifty 50 by replacing Hindustan Petroleum Corporation Ltd. HPCL was moved into Nifty Next 50[10]. From 27 September 2019, Nestle India was included in the Nifty 50 index and the Nifty 50 Equal Weight index, it replaced Indiabulls Housing Finance Ltd.[11]

Components

List of 50 companies that form part of NIFTY 50 Index as on 20 Jun 2020:

Company Name Symbol Sector
Adani Ports ADANIPORTS.NS Infrastructure
Asian Paints 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 INFRATEL.NS Telecommunication
BPCL BPCL.NS Energy - Oil & Gas
Britannia Industries BRITANNIA.NS Consumer Goods
Cipla CIPLA.NS Pharmaceuticals
Coal India COALINDIA.NS Energy & Mining
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
ICICI Bank ICICIBANK.NS Banking
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
Nestle India NESTLEIND.NS Consumer Goods
NTPC 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
Shree Cement SHREECEM.NS Cement
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
Zee Entertainment Enterprises ZEEL.NS Media & Entertainment

Major single day falls

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

Sl. No. Date Fall Reason
1 28 October 1997 8.01% Investors deserted emerging Asian shares during the Asian Financial Crisis. Crashes also occurred in Thailand, Indonesia, South Korea, Philippines,
2 21 January 2008 10% Due to the US Subprime Mortgage Crisis.
3 16 August 2013 4.08% (234.45 Points) Due to depreciation of the Indian Rupee.[12][13]
4 24 August 2015 5.92% (490.95 Points) Driven by the meltdown in the Chinese Stock market.[14]
5 24 June 2016 181.5 Points Driven by the Brexit Referendum.[15]
6 11 November 2016 229.45 Points Driven by the Demonetization move by the Indian Government and the 2016 US Election Results.[16]
7 2 February 2018 256.30 Points Driven by the 2018 Union budget of India and Global breakdown.
8 24 September 2018 175.55 Points Panic Fall, wherein in the last trading session (21 September 2018) there were rumors of Fraud by Housing Loan companies
9 4 October 2018 303.20 Points Panic Fall, due to Oil price Increase and rupee fall against US Dollar.
10 5 October 2018 282.80 Points Panic Fall, due to Oil price Increase and rupee fall against US Dollar.
11 5 July 2019 132.80 Points Due to Union Budget FY 2019 and Global Equity sell-off. [17]
12 8 July 2019 252.55 Points Due to Union Budget FY 2019. (Downfall Continues) [18]
13 22 Aug 2019 177.35 Points[19] Due to concerns about slowing Indian economy. [20]
14 03 Sep 2019 246.75 points Due to Multiple PSU Bank Merger Announcements
15 17 Sep 2019 177.70 points
16 1 February 2020 373.95 points (3.11%) Driven by the Union Budget FY 2020 and coronavirus pandemic which saw global breakdown a day before Budget.[21]
17 9 March 2020 538.00 points (4.90%) Driven by the impact of Coronavirus disease 2019
18 12 March 2020 868.25 points (8.30%) Driven by the impact of Coronavirus disease 2019 after WHO declared it a Pandemic
19 16 March 2020 757.80 points (7.61%) Driven by the impact of Coronavirus disease 2019
20 23 March 2020 1135.20 points (12.98%) Driven by the impact of Coronavirus disease 2019
21 11 June 2020 214.15 points (2.12%) Driven by the weak economic outlook as predicted by the United States Federal Reserve [22][23]

Major single day gains

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

Sl. No. Date High Probable Reason
1 20 May 2019 3.69 % (421.10 points) Exit Polls of 2019 General elections predict clear majority for BJP government.
2 23 May 2019 2.49 % (300.90 points) Results of the 2019 General Elections in which BJP led NDA alliance wins.
3 08 Aug 2019 1.63% (176.95 points) FPI surcharge rollback
4 26 Aug 2019 2.16% (234.45 points) Relief measures, likely US-China trade talks begin.[2]
5 20 Sep 2019 6.12% ( 655.45 points) Indian FM announced a cut in the corporate tax rate for domestic companies and new domestic manufacturing companies
6 23 Sep 2019 3.73% (420.65 points ) Corporate tax cut following effect
7 7 April 2020 8.76% (708.40 points) Positive news that infection numbers were peaking in some of the worst affected areas around the world [24]

Annual Returns

The following table shows the annual development of the NIFTY 50 since 2000.[25]

Year Closing level Change in Index
in Points 		Change in Index
in %
2000 1,263.55
2001 1,059.05 −204.50 −13.94
2002 1,093.50 34.45 3.25
2003 1,879.75 786.25 71.90
2004 2,080.50 200.75 10.68
2005 2,836.55 756.05 36.34
2006 3,966.40 1,129.85 39.83
2007 6,138.60 2,172.20 54.77
2008 2,959.15 −3,179.45 −51.79
2009 5,201.05 2,241.90 75.76
2010 6,134.50 933.45 17.95
2011 4,624.30 −1,510.20 −24.62
2012 5,905.10 1,280.80 27.70
2013 6,304.00 398.90 6.76
2014 8,282.70 1,978.70 31.39
2015 7,964.35 −318.35 −3.84
2016 8,185.80 239.45 3.01
2017 10,530.70 2,344.90 28.65
2018 10,862.55 331.85 3.15
2019 12,168.45 1,305.90 12.02

Derivatives

Trading in call and put options on the Nifty 50 are offered by the NSE.[26]

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.[27]

Nifty Next 50 components as of 26 June 2020:[28]

Components
Company Name Symbol Sector
Abbott India ABBOTINDIA Pharmaceuticals
ACC ACC Cement
Adani Transmission ADANITRANS Energy - Power
Ambuja Cements AMBUJACEM Cement
Aurobindo Pharma AUROPHARMA Pharmaceuticals
Avenue Supermarts DMART Consumer Goods
Bajaj Holdings BAJAJHLDNG Financial Services
Bandhan Bank BANDHANBNK Banking
Bank of Baroda BANKBARODA Banking
Berger Paints BERGEPAINT Consumer Goods
Biocon BIOCON Pharmaceuticals
Bosch BOSCHLTD Automobile
Cadila Healthcare CADILAHC Pharmaceuticals
Colgate-Palmolive COLPAL Consumer Goods
Container Corporation of India CONCOR Services - Transport & Logistics
Dabur DABUR Consumer Goods
Divi's Laboratories DIVISLAB Pharmaceuticals
DLF DLF Construction
General Insurance Corporation of India GICRE Financial Services
Godrej Consumer Products Limited GODREJCP Consumer Goods
Havells HAVELLS Consumer Goods
HDFC AMC HDFCAMC Financial Services
HDFC Standard Life Insurance HDFCLIFE Financial Services
Hindustan Petroleum HINDPETRO Energy - Oil & Gas
Hindustan Zinc HINDZINC Metals
ICICI Lombard General Insurance ICICIGI Financial Services
ICICI Prudential Life Insurance ICICIPRULI Financial Services
Indraprastha Gas IGL Energy - Oil & Gas
Info Edge NAUKRI Internet
Interglobe Aviation INDIGO Services - Transport & Logistics
Lupin LUPIN Pharmaceuticals
Marico MARICO Consumer Goods
Motherson Sumi Systems MOTHERSUMI Automobile
Muthoot Finance MUTHOOTFIN Financial Services
NHPC Limited NHPC Energy - Power
NMDC NMDC Metals
Oracle Financial Services Software OFSS Information Technology
Page Industries PAGEIND Textiles
Petronet LNG PETRONET Energy - Oil & Gas
Pidilite Industries PIDILITIND Chemicals
Piramal Enterprises PEL Pharmaceuticals
Power Finance Corporation PFC Financial Services
Procter & Gamble PGHH Consumer Goods
Punjab National Bank PNB Banking
SBI Life Insurance Company SBILIFE Financial Services
Shriram Transport Finance SRTRANSFIN Financial Services
Siemens SIEMENS Industrial Manufacturing
Torrent Pharmaceuticals TORNTPHARM Pharmaceuticals
United Breweries UBL Consumer Goods
United Spirits MCDOWELL-N Consumer Goods

NIFTY sectoral indices

Index[29][30] Components
NIFTY Auto Amara Raja Batteries, Ashok Leyland, Bajaj Auto, Balkrishna Industries, Bharat Forge, Bosch, Eicher Motors, Exide, Hero Motocorp, Mahindra & Mahindra, Maruti Suzuki, Motherson Sumi Systems, MRF, Tata Motors, TVS Motors
NIFTY Bank Axis Bank, Bandhan Bank, Bank of Baroda, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, IndusInd Bank, Kotak Mahindra Bank, Punjab National Bank, RBL Bank, State Bank of India
NIFTY Consumer Durables Bata, Blue Star, Crompton Greaves, Dixon Technologies, Havells, Orient Electric, Rajesh Exports, Relaxo, Symphony, Titan Company, TTK Prestige, V-Guard, VIP Industries, Voltas, Whirlpool
NIFTY Financial Services Axis Bank, Bajaj Finance, Bajaj Finserv, Bajaj Holdings, Cholamandalam, HDFC AMC, HDFC, HDFC Bank, HDFC Life, ICICI Bank, ICICI Lombard, ICICI Prudential, Kotak Mahindra Bank, M&M Finance, Piramal Enterprises, Power Finance Corporation, REC, SBI Life Insurance Company, Shriram Transport Finance, State Bank of India
NIFTY FMCG Britannia, Colgate-Palmolive, Dabur, Emami, Godrej Consumer Products, Hindustan Unilever, ITC Limited, Jubilant FoodWorks, Marico, Nestle, Procter & Gamble, Tata Consumer Products, United Breweries, United Spirits, Varun Beverages
NIFTY IT HCL Technologies, Info Edge, Infosys, L&T Infotech, Mindtree, Mphasis, NIIT Technologies, Tata Consultancy Services, Tech Mahindra, Wipro
NIFTY Media DB Corp, Dish TV, Hathway, INOX Leisure, Jagran Prakashan, PVR Cinemas, Sun TV Network, TV Today Network, TV18, Zee Entertainment Enterprises
NIFTY Metal APL Apollo Tubes, Coal India, Hindalco, Hindustan Copper, Hindustan Zinc, Jindal Steel, JSW Steel, MOIL, National Aluminium Company, NMDC, Ratnamani Metals & Tubes, Steel Authority of India, Tata Steel, Vedanta, Welspun Corp
NIFTY Oil & Gas Adani Gas, Aegis Logistics, BPCL, Castrol, GAIL, Gujarat Gas, Gujarat State Petronet, HPCL, Indraprastha Gas, IOC, Mahanagar Gas, Oil India, ONGC, Petronet LNG, Reliance Industries
NIFTY Pharma Alkem Laboratories, Aurobindo Pharma, Biocon, Cadila Healthcare, Cipla, Divis Laboratories, Dr. Reddy's Laboratories, Lupin, Sun Pharmaceutical, Torrent Pharmaceuticals
NIFTY Private Bank Axis Bank, Bandhan Bank, City Union Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank
NIFTY PSU Bank Bank of Baroda, Bank of Maharashtra, Bank of India, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, J&K Bank, Punjab National Bank, State Bank of India, UCO Bank, Union Bank of India
NIFTY Realty Brigade Enterprises, DLF, Godrej Properties, Indiabulls Real Estate, Oberoi Realty, Omaxe, Phoenix Mills, Prestige Group, Sobha Developers, Sunteck

See also

References

  1. ^ "NSE India- Nifty 50 Fact Sheet" (PDF). NSE India.
  2. ^ "Broadmarket indices - NIFTY 50 Index". nseindia.com. NSE - National stock exchange (official website). Retrieved 29 November 2017.
  3. ^ "NSE Equity Derivatives Contract Specifications". National Stock Exchange of India. Retrieved 16 August 2019.
  4. ^ "SGX Derivatives Products Nifty Indices Futures and Options Product Information". Singapore Exchange Ltd. Retrieved 16 August 2019.
  5. ^ https://www.nseindia.com/content/press/PR_cc_12052016.pdf
  6. ^ NIFTY 50 loses importance to sectoral indices
  7. ^ "Sectoral weightage of CNX Nifty 50 Index" (PDF). Archived from the original (PDF) on 23 January 2014. Retrieved 14 September 2013.
  8. ^ "CNX Nifty Index Methodology" (PDF).
  9. ^ "NSE - National Stock Exchange of India Ltd". www.nseindia.com.
  10. ^ https://www.livemint.com/market/stock-market-news/britannia-to-replace-hindustan-petroleum-in-nifty-50-from-29-march-1551116705011.html
  11. ^ https://www.livemint.com/market/stock-market-news/nestle-india-to-be-included-in-nse-nifty-50-index-1566995646655.html
  12. ^ "News18.com: CNN-News18 Breaking News India, Latest News, Current News Headlines". News18. Retrieved 21 December 2017.
  13. ^ "Sensex, Nifty reel as Brexit spooks world markets". Hindu BusinessLine. Retrieved 9 July 2019.
  14. ^ "Global mayhem: Sensex crashes 1624 pts; Nifty breaches 7900". Moneycontrol. Retrieved 21 December 2017.
  15. ^ Bureau/Agencies, Our (24 June 2016). "Sensex, Nifty reel as Brexit spooks world markets". The Hindu Business Line. Retrieved 21 December 2017.
  16. ^ Nathan, Narendra (14 November 2016). "How demonetisation and Donald Trump's victory impact your investments". The Economic Times. Retrieved 21 December 2017.
  17. ^ "Stock markets tank, Sensex down over 600 points and Nifty down 200 amid global equity selloff". Republic World. Retrieved 10 June 2020.
  18. ^ "Stock markets tank, Sensex down over 600 points and Nifty down 200 amid global equity selloff". Republic World. Retrieved 10 June 2020.
  19. ^ "Markets end deep in red; Sensex falls nearly 590 points, Nifty slips below 10,750". Zee News. 22 August 2019. Retrieved 10 June 2020.
  20. ^ "Markets end deep in red; Sensex falls nearly 590 points, Nifty slips below 10,750". Zee News. 22 August 2019. Retrieved 10 June 2020.
  21. ^ "Stock market at odds with Union Budget 2020; SENSEX slips over 1,000 pts, NIFTY at 11,643". DNA India. 1 February 2020. Retrieved 1 February 2020.
  22. ^ "Fed to keep buying bonds, foresees no rate hike through 2022". The Economic Times. 11 June 2020. Retrieved 11 June 2020.
  23. ^ "Sensex tanks 709 points; Nifty closes below 10,000". Zee News. 11 June 2020. Retrieved 11 June 2020.
  24. ^ Shah, Ami (7 April 2020). "Sensex, Nifty post biggest single-day gain; Rs 7.9 lakh crore added". The Economic Times. Retrieved 10 June 2020.
  25. ^ "S&P/CNX Nifty Index (India) Yearly Stock Returns". www.1stock1.com. Retrieved 20 January 2020.
  26. ^ https://www.nseindia.com/products/content/derivatives/equities/contract_specifitns.htm
  27. ^ [1]
  28. ^ https://www.financialexpress.com/market/nse-indices-rejig-from-june-26-heres-how-nifty-indices-will-change-after-the-shuffle/1989441/
  29. ^ "Sectoral Indices". NSE India. Retrieved 4 May 2020.
  30. ^ https://www1.nseindia.com/content/indices/ind_prs10062020.pdf
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