NIFTY 50

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NIFTY 50 Index
Operator India Index Services and Products
Exchanges National Stock Exchange of India
Constituents 50
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 broad based stock market index for the Indian equity market. 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 April 2018:[7]

Company Name Symbol Sector
Adani Ports & SEZ Limited ADANIPORTS Services - Shipping
Asian Paints Ltd ASIANPAINT Consumer Goods
Axis Bank AXISBANK Banking
Bajaj Auto BAJAJ-AUTO Automobile
Bajaj Finance BAJFINANCE Financial Services
Bajaj Finserv BAJAJFINSV Financial Services
Bharti Airtel BHARTIARTL Telecommunication
BPCL BPCL Energy - Oil & Gas
Cipla CIPLA Pharmaceuticals
Coal India COALINDIA Metals
Dr. Reddy's Laboratories DRREDDY Pharmaceuticals
Eicher Motors EICHERMOT Automobile
GAIL GAIL Energy - Oil & Gas
Grasim Industries GRASIM Cement
HCL Technologies HCLTECH Information Technology
HDFC HDFC Financial Services
HDFC Bank HDFCBANK Banking
Hero MotoCorp HEROMOTOCO Automobile
Hindalco Industries HINDALCO Metals
Hindustan Unilever HINDUNILVR Consumer Goods
HPCL HINDPETRO Energy - Oil & Gas
ICICI Bank ICICIBANK Banking
Indiabulls Housing Finance IBULHSGFIN Financial Services
IndusInd Bank INDUSINDBK Banking
Infosys INFY Information Technology
IOC IOC Energy - Oil & Gas
ITC Limited ITC Consumer Goods
Kotak Mahindra Bank KOTAKBANK Banking
Larsen & Toubro LT Construction
Lupin Limited LUPIN Pharmaceuticals
Mahindra & Mahindra M&M Automobile
Maruti Suzuki MARUTI Automobile
NTPC Limited NTPC Energy - Power
ONGC ONGC Energy - Oil & Gas
PowerGrid Corporation of India POWERGRID Energy - Power
Reliance Industries RELIANCE Energy - Oil & Gas
State Bank of India SBIN Banking
Sun Pharmaceutical SUNPHARMA Pharmaceuticals
Tata Consultancy Services TCS Information Technology
Tata Motors TATAMOTORS Automobile
Tata Steel TATASTEEL Metals
Tech Mahindra TECHM Information Technology
Titan Company TITAN Consumer Goods
UltraTech Cement ULTRACEMCO Cement
United Phosphorus Limited UPL Chemicals
Vedanta VEDL Metals
Wipro WIPRO Information Technology
Yes Bank YESBANK Banking
Zee Entertainment Enterprises ZEEL 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[8].
4 August 24, 2015 490.9 Points Driven by the meltdown in the Chinese Stock market[9].
5 June 24, 2016 181.5 Points Driven by the Brexit Referendum[10].
6 November 11, 2016 229.45 Points Driven by the Demonetization move by the Indian Government and the 2016 US Election Results[11].
7 February 2, 2018 256.30 Points Driven by the 2018 Union budget of India and Global breakdown.

All Time High

  • All time intraday high was 11,171.50 on January 29, 2018
  • All Time Closing High was 11,130.40 on January 29, 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.[12]

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
Bank of Baroda BANKBARODA Banking
BEL BEL Industrial Manufacturing
BHEL BHEL Industrial Manufacturing
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
Cummins CUMMINS Industrial Manufacturing
Dabur DABUR Consumer Goods
DLF DLF Construction
Emami EMAMI Consumer Goods
General Insurance Corporation of India GICRE Financial Services
Godrej Consumer Products Limited GODREJCP Consumer Goods
Havells HAVELLS Consumer Goods
Hindustan Zinc HINDZINC Metals
ICICI Prudential Life Insurance ICICIPRULI Financial Services
Idea Cellular IDEA Telecommunication
Interglobe Aviation INDIGO Services - Transport & Logistics
JSW Steel JSWSTEEL Metals
L&T Finance L&TFH Financial Services
LIC Housing Finance LICHSGFIN Financial Services
Marico MARICO Consumer Goods
Motherson Sumi Systems MOTHERSUMI Automobile
MRF MRF Automobile
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
Power Finance Corporation PFC Financial Services
Procter & Gamble PGHH Consumer Goods
Punjab National Bank PNB Banking
REC RECLTD Financial Services
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

  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
  5. ^ CNX Nifty Index Methodology
  6. ^ https://www.nseindia.com/products/content/equities/indices/indices.htm
  7. ^ "Nifty 50 Companies". 
  8. ^ "News18.com: CNN-News18 Breaking News India, Latest News, Current News Headlines". News18. Retrieved 2017-12-21. 
  9. ^ "Global mayhem: Sensex crashes 1624 pts; Nifty breaches 7900". Moneycontrol. Retrieved 2017-12-21. 
  10. ^ Bureau/Agencies, Our (2016-06-24). "Sensex, Nifty reel as Brexit spooks world markets". The Hindu Business Line. Retrieved 2017-12-21. 
  11. ^ Nathan, Narendra (2016-11-14). "How demonetisation and Donald Trump's victory impact your investments". The Economic Times. Retrieved 2017-12-21. 
  12. ^ [1]

External links

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