NIFTY 50

From Wikipedia, the free encyclopedia
Jump to: navigation, search
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[edit]

List of 50 companies that form part of NIFTY 50 Index as in January 2018:[7]

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

Major falls[edit]

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[edit]

  • 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[edit]

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
Ashok Leyland ASHOKLEY Automobile
Avenue Supermarts DMART Consumer Goods
Bajaj Finserv BAJAJFINSV Financial Services
Bank of Baroda BANKBARODA Banking
BEL BEL Industrial Manufacturing
BHEL BHEL Industrial Manufacturing
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
GlaxoSmithKline Consumer Healthcare GSKCONS Consumer Goods
GlaxoSmithKline Pharmaceuticals Ltd GLAXO Pharmaceuticals
Glenmark Pharmaceuticals GLENMARK Pharmaceuticals
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
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
Shree Cement SHREECEM Cement
Shriram Transport Finance SRTRANSFIN Financial Services
Siemens SIEMENS Industrial Manufacturing
Sun TV Network SUNTV Media & Entertainment
Tata Power TATAPOWER Energy - Power
Titan Company TITAN Consumer Goods
Torrent Pharmaceuticals TORNTPHARM Pharmaceuticals
United Spirits MCDOWELL-N Consumer Goods

See also[edit]

References[edit]

External links[edit]