Nifty-50

Nifty Share Price

17,604.35

  -287.60     (-1.61%)    27-Jan-23 5:12:11 PM

Open
17,877.2

Prev. Close
17,891.95

High
17,884.75

Low
17,493.55

Mkt Cap.
14,237,222.3

Div Yield
21.19

PE
1.37

Performance

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One Week (%)
-1.51

One Month (%)
-0.68

One Year (%)
3.55

YTD (%)
1.25

Nifty Listed Companies

Company Name	CMP	High	Low	Volume
Asian Paints Ltd	2,722.65	2,772.85	2,685.85	1,801,498
Britannia Industries Ltd	4,380.4	4,439	4,353.8	340,484
Cipla Ltd	1,047.25	1,072.95	1,023.25	2,947,920
Eicher Motors Ltd	3,169.75	3,264.95	3,128	627,913
Nestle India Ltd	19,206	19,394	19,026.05	44,777
Grasim Industries Ltd	1,578.45	1,602.5	1,549.5	911,880
Housing Development Finance Corporation Ltd	2,661.5	2,699	2,615.6	4,153,948
Hero MotoCorp Ltd	2,736.15	2,810.1	2,714.6	464,092
Hindalco Industries Ltd	479	494.8	467.95	4,591,590
Hindustan Unilever Ltd	2,612.15	2,646.55	2,578.2	1,581,382

Introduction to Nifty

What is the Nifty 50?

Like the Bombay Stock Exchange’s benchmark Sensex, which is a constituent of 30 well-performing, heavyweight stocks, the Nifty, or the Nifty50 is another broad-based stock market index in India. It is managed by the National Stock Exchange (NSE) through its subsidiary India Index Services and Products (IISL). The term was coined using the words ‘National’ and ‘Fifty’. This is because the index comprises the weighted average of 50 companies, as opposed to the Sensex which comprises the weighted average of 30 stocks, representing the biggest industrial sectors. In other words, the market movement in these 50 companies decides the direction in which the Nifty will move.

Incepted in 1995, the base year of the benchmark index is also the same, while its base value is set as 1,000. The constituents of the index include, among others, HDFC, ICICI Bank, Hindustan Unilever, ITC, Larsen and Toubro (L&T), Reliance Industries and State Bank of India (SBI). These are further divided into the Nifty auto index, the Nifty bank index, the Nifty IT index, and the Nifty FMCG index, among others, based on the sector the company represents.

How is it calculated?

The index was earlier calculated according to the market capitalization method. In 2009, this was changed to the free-float market capitalization method to stay in line with global practices.

Free-float means the total number of shares available to the public to trade. This excludes promoter holding or any holding apart from the public. Consequently, a company’s free-float market cap would be, number of shares available to public * market price of each share. So, if a company has 40lakh shares available to the public, and each share is valued at Rs100, the free-float market capitalization of the company will be:

40,00,000*100 = Rs40cr. However, it should be noted that the market cap of most of these companies is in ‘thousand crores’.

Scrip selection criteria

Only companies headquartered in India are considered for the index. Other selection parameters include

Liquidity: The share must have traded at an average impact cost equal to or less than 0.50% during the last six months.

Float-Adjusted Market Capitalization: Eligible companies must have at least double the float-adjusted market cap of the current, smallest constituent of the index.

Eligible Securities: All common shares listed on the NSE (equity and not fixed income in nature) are eligible for inclusion in the NIFTY 50 index. Instrument that provided a fixed return are not included.

F&O criteria: Stocks must also be available for trading in NSE’s Futures & Options (F&O) segment.