NIFTY 50

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NIFTY 50 Index
Operator India Index Services and Products
Exchanges National Stock Exchange of India
Constituents 51
Type Large cap
Market cap INR billion (2014)
Weighting method Capitalization-weighted
Website www.nseindia.com

The NIFTY 50 index is National Stock Exchange of India's benchmark stock market index for Indian equity market, launched on 21st April 1996. 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.

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.[1]

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%[2] 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.[3]

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.[4] [5]

Components

List of 50 companies that form part of NIFTY 50 Index as on 01 April 2017:

Company Name Symbol Sector
Adani Ports & SEZ Limited ADANIPORTS Infrastructure
Ambuja Cements Ltd. AMBUJACEM Cement
Asian Paints Ltd ASIANPAINT Manufacturing
Axis Bank Ltd. AXISBANK Banking & Financial Services
Bajaj Auto Ltd. BAJAJ-AUTO Automobiles
Bajaj Finance Ltd BAJFINANCE
Bank of Baroda BANKBARODA Banking & Financial Services
Bharat Petroleum Corporation BPCL Oil & Gas
Bharti Airtel Ltd. BHARTIARTL Telecommunications
Bosch Ltd. BOSCHLTD Manufacturing
Aurobindo Pharma Ltd. AUROPHARMA Pharmaceuticals
Cipla Ltd. CIPLA Pharmaceuticals
Coal India Ltd. COALINDIA Metals & Mining
Dr. Reddy's Laboratories Ltd. DRREDDY Pharmaceuticals
GAIL (India) Ltd. GAIL Oil & Gas
Grasim Industries Ltd. GRASIM Manufacturing
HCL Technologies Ltd. HCLTECH Information Technology
HDFC Bank Ltd. HDFCBANK Banking & Financial Services
Hero MotoCorp Ltd. HEROMOTOCO Automobiles
Hindalco Industries Ltd. HINDALCO Metals & Mining
Hindustan Unilever Ltd. HINDUNILVR Consumer Goods
Housing Development Finance Corporation Ltd. HDFC Banking & Financial Services
ITC Limited ITC Consumer Goods
Indian Oil Corporation IOC Oil & Gas
Indiabulls Housing Finance IBULHSGFIN Banking & Financial Services
ICICI Bank Ltd. ICICIBANK Banking & Financial Services
IndusInd Bank Ltd. INDUSINDBK Banking & Financial Services
Infosys Ltd. INFY Information Technology
Kotak Mahindra Bank Ltd. KOTAKBANK Banking & Financial Services
Larsen & Toubro Ltd. LT Infrastructure
Lupin Limited LUPIN Pharmaceuticals
Mahindra & Mahindra Ltd. M&M Automobiles
Maruti Suzuki India Ltd. MARUTI Automobiles
NTPC Limited NTPC Electric Utility
Oil & Natural Gas Corporation Ltd. ONGC Oil & Gas
PowerGrid Corporation of India Ltd. POWERGRID Electric Utility
Bharti Infratel INFRATEL Infrastructure
Reliance Industries Ltd. RELIANCE Oil & Gas
State Bank of India SBIN Banking & Financial Services
Sun Pharmaceutical Industries Ltd. SUNPHARMA Pharmaceuticals
Tata Consultancy Services Ltd. TCS Information Technology
Tata Motors Ltd. TATAMOTORS Automobiles
Tata Power Co. Ltd. TATAPOWER Electric Utility
Tata Steel Ltd. TATASTEEL Metals & Mining
Tech Mahindra Ltd. TECHM Information Technology
UltraTech Cement Ltd. ULTRACEMCO Cement
Eicher Motors EICHERMOT Automobiles
Wipro WIPRO Information Technology
Yes Bank Ltd. YESBANK Banking & Financial Services
Zee Entertainment Enterprises Ltd. ZEEL Media & Entertainment

[6]

Major falls

On the following dates, the NIFTY 50 index suffered major single-day falls (of 150 or more points)

  1. 22 Sep 2017 ----- 157.50 points (The Indian government’s stimulus spending plan and jitters that it would widen the fiscal deficit also contributed to the decline, which was led by bank stocks )
  2. 11 Nov 2016 --- 229.45 Points (by US election results & demonetisation move by the government)
  3. 24 June 2016 --- 181.85 Points (driven by the Brexit referendum)[7]
  4. 24 Aug 2015 --- 490.95 Points (driven by meltdown in the Chinese stockmarket)[8]
  5. 16 Aug 2013 --- 234.45 Points(because of rupee depreciation)[9]
  6. 27 Aug 2013 --- 189.05 Points[10]
  7. 03 Sep Aug 2013 --- 209.30 Points
  8. 06 May 2015 - NSE Nifty slipped below the 8,200-level by falling 179.25 points or 2.15 per cent to 8145.55. Besides, overnight losses in the US markets on worries about surging oil prices, poor trade data and growing tensions over the Greek debt crisis weighed on sentiments.[11]
  9. In 1991, New Delhi kickstarted the economic reforms process owing mainly to the serious balance of payments crisis it was facing.
  10. 1997 Asian Financial Crisis - Investors deserted emerging Asian shares, including an overheated Hong Kong stock market. Crashes occur in Thailand, Indonesia, South Korea, Philippines, and elsewhere, reaching a climax in the October 27, 1997 mini-crash.
  11. 21st January 2008 Nifty went down by more than 10% on a single day due to US sub-prime crisis. That was the beginning of a year long bear market

All Time High

  • All time intraday high was 10251.85 on October 17, 2017
  • All time closing high was 10234.45 on October 17, 2017.

See also

References

  1. ^ https://www.nseindia.com/content/press/PR_cc_12052016.pdf
  2. ^ NIFTY 50 loses importance to sectoral indices
  3. ^ Sectoral weightage of CNX Nifty 50 Index
  4. ^ CNX Nifty Index Methodology
  5. ^ https://www.nseindia.com/products/content/equities/indices/indices.htm
  6. ^ "NSE to make Nifty 50 as Nifty 51". Deccan Herald. Retrieved 2017-03-07. 
  7. ^ Bureau/Agencies, Our (2016-06-24). "Sensex, Nifty reel as Brexit spooks world markets". Retrieved 2016-06-26. 
  8. ^ "Global mayhem: Sensex crashes 1624 pts; Nifty breaches 7900". Moneycontrol.com. 
  9. ^ "Sensex crashes 769 points, Nifty 234 points down". IBNLive. 
  10. ^ Our Bureau. "Re, Sensex sink on fears Food Bill will feed deficit". The Hindu Business Line. 
  11. ^ http://www.financialexpress.com/article/markets/indian-markets/bse-sensex-down-82-pts-nse-nifty-slip-below-8300-mark/69790/

External links

  • Products linked to CNX Nifty Index
  • Historical CNX Nifty Index values
  • Bloomberg page for NIFTY:IND
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