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 13 sectors and is one of the two main stock indices used in India, the other being the BSE Sensex.
|Operator||India Index Services and Products|
|Exchanges||National Stock Exchange of India|
|Market cap||US$2.27 trillion (April 2018)|
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 1 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 options at the NSE in India, and futures and options abroad at the SGX. NIFTY 50 is the world's most actively traded contract. WFE, IOMA and FIA surveys endorse NSE's leadership position.
The NIFTY 50 covers 12 sectors (as of 7 October 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% 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.
The NIFTY 50 index is a free float market capitalisation weighted index. The index was initially calculated on full market capitalisation methodology. From 26 June 2009, the computation was changed to free float methodology. The base period for the CNX Nifty index is 3 November 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. In February 2019, Britannia Industries entered into Nifty 50 by replacing Hindustan Petroleum Corporation Ltd. HPCL moves to Nifty Next 50.
List of 50 companies that form part of NIFTY 50 Index as in 30 March 2019:
|Asian Paints Ltd||ASIANPAINT.NS||Consumer Goods|
|Bajaj Finance||BAJFINANCE.NS||Financial Services|
|Bajaj Finserv||BAJAJFINSV.NS||Financial Services|
|Bharti Infratel Ltd.||INFRATEL.NS||Telecommunication|
|BPCL||BPCL.NS||Energy - Oil & Gas|
|Dr Reddy Lab||DRREDDY.NS||Pharmaceuticals|
|GAIL||GAIL.NS||Energy - Oil & Gas|
|HCL Technologies||HCLTECH.NS||Information Technology|
|Hindustan Unilever||HINDUNILVR.NcbbS||Consumer Goods|
|Britannia Industries||BRITANNIA.NS||Consumer Goods|
|Indiabulls Housing Finance||IBULHSGFIN.NS||Financial Services|
|IOC||IOC.NS||Energy - Oil & Gas|
|ITC Limited||ITC.NS||Consumer Goods|
|Kotak Mahindra Bank||KOTAKBANK.NS||Banking|
|Larsen & Toubro||LT.NS||Construction|
|Mahindra & Mahindra||M&M.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|
|Tata Consultancy Services||TCS.NS||Information Technology|
|Tech Mahindra||TECHM.NS||Information Technology|
|Titan Company||TITAN.NS||Consumer Goods|
|United Phosphorus Limited||UPL.NS||Chemicals|
|Zee Entertainment Enterprises||ZEEL.NS||Media & Entertainment|
Major single day fallsEdit
Following are some of the notable single-day falls of the NIFTY 50 Index -
|1||28 October 1997||8%||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.|
|4||24 August 2015||5.92% (490.95 Points)||Driven by the meltdown in the Chinese Stock market.|
|5||24 June 2016||181.5 Points||Driven by the Brexit Referendum.|
|6||11 November 2016||229.45 Points||Driven by the Demonetization move by the Indian Government and the 2016 US Election Results.|
|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||1.12% (132.80 Points)||Due to Union Budget FY 2019.|
|12||8 July 2019||2.14% (252.55 Points)||Due to Union Budget FY 2019. (Downfall Continues)|
Major single day highsEdit
Following are some of the notable single-day highs of the NIFTY 50 Index -
|1||20 May 2019||3.69 % (421.10 points)||Exit Polls of 2019 General elections Predict 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|
All time highsEdit
- All time Intraday high was 12,103.05 on 3 June 2019.
- All Time Closing High was 12,088.55 on 3 June 2019.
NIFTY Next 50Edit
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.
|Aditya Birla Capital||ABCAPITAL||Financial Services|
|Avenue Supermarts||DMART||Consumer Goods|
|Bank of Baroda||BANKBARODA||Banking|
|Hindustan Petroleum||HINDPETRO||Energy - Oil & Gas|
|Container Corporation of India||CONCOR||Services - Transport & Logistics|
|General Insurance Corporation of India||GICRE||Financial Services|
|Godrej Consumer Products Limited||GODREJCP||Consumer Goods|
|HDFC Standard Life Insurance||HDFCLIFE||Financial Services|
|ICICI Lombard General Insurance||ICICIGI||Financial Services|
|ICICI Prudential Life Insurance||ICICIPRULI||Financial Services|
|Interglobe Aviation||INDIGO||Services - Transport & Logistics|
|L&T Finance||L&TFH||Financial Services|
|LIC Housing Finance||LICHSGFIN||Financial Services|
|Motherson Sumi Systems||MOTHERSUMI||Automobile|
|New India Assurance||NIACL||Financial Services|
|NHPC Limited||NHPC||Energy - Power|
|Oil India||OIL||Energy - Oil & Gas|
|Oracle Financial Services Software||OFSS||Information Technology|
|Petronet LNG||PETRONET||Energy - Oil & Gas|
|Procter & Gamble||PGHH||Consumer Goods|
|SBI Life Insurance Company||SBILIFE||Financial Services|
|Shriram Transport Finance||SRTRANSFIN||Financial Services|
|Sun TV Network||SUNTV||Media & Entertainment|
|United Spirits||MCDOWELL-N||Consumer Goods|
- "NSE India- Nifty 50 Fact Sheet" (PDF). NSE India.
- "Broadmarket indices - NIFTY 50 Index". nseindia.com. NSE - National stock exchange (official website). Retrieved 29 November 2017.
- "NSE Equity Derivatives Contract Specifications". National Stock Exchange of India. Retrieved 16 August 2019.
- "SGX Derivatives Products Nifty Indices Futures and Options Product Information". Singapore Exchange Ltd. Retrieved 16 August 2019.
- 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 21 December 2017.
- "Sensex, Nifty reel as Brexit spooks world markets". Hindu BusinessLine. Retrieved 9 July 2019.
- "Global mayhem: Sensex crashes 1624 pts; Nifty breaches 7900". Moneycontrol. Retrieved 21 December 2017.
- Bureau/Agencies, Our (24 June 2016). "Sensex, Nifty reel as Brexit spooks world markets". The Hindu Business Line. Retrieved 21 December 2017.
- Nathan, Narendra (14 November 2016). "How demonetisation and Donald Trump's victory impact your investments". The Economic Times. Retrieved 21 December 2017.