Nifty 50

Nifty Share Price

24,852.15

  -292.95     (-1.17%)    6-Sep-24 4:14:59 PM

Open
25,093.7

Prev. Close
25,145.1

High
25,168.75

Low
24,801.3

Mkt Cap.
19,985,733.28

Div Yield
23.11

PE
1.23

Performance

---

One Week (%)
-1.52

One Month (%)
3.58

One Year (%)
26.73

YTD (%)
10.64

Nifty Listed Companies

Company Name	CMP	High	Low	Volume
Asian Paints Ltd	3,273.7	3,285.9	3,225.35	2,131,256
Britannia Industries Ltd	5,843.55	5,884.8	5,827.1	213,556
Cipla Ltd	1,611.05	1,631.95	1,608.05	913,336
Eicher Motors Ltd	4,752.5	4,830	4,740.2	291,111
Nestle India Ltd	2,503.2	2,519.25	2,488.05	836,700
Grasim Industries Ltd	2,692.85	2,744.6	2,674.05	555,331
Hero MotoCorp Ltd	5,743.75	5,770.3	5,649.7	683,920
Hindalco Industries Ltd	667.1	677	665.45	6,311,131
Hindustan Unilever Ltd	2,838.95	2,866.45	2,828.1	1,672,730
ITC Ltd	501.7	512	497.15	13,716,752
Larsen & Toubro Ltd	3,574.75	3,623.8	3,536.2	3,096,557
Mahindra & Mahindra Ltd	2,698.1	2,738.9	2,680.1	2,835,519
Reliance Industries Ltd	2,929.65	2,994	2,923.25	9,697,114
Tata Consumer Products Ltd	1,173.85	1,191.75	1,168.75	989,655
Tata Motors Ltd	1,049.35	1,072.95	1,040.5	8,717,377
Tata Steel Ltd	151.22	152.9	149.65	30,709,532
Wipro Ltd	520.6	529.9	518.45	7,289,977
Apollo Hospitals Enterprise Ltd	6,906.8	6,962.45	6,857.9	185,503
Dr Reddys Laboratories Ltd	6,667.15	6,720.1	6,653	414,857
Titan Company Ltd	3,695.5	3,742	3,665	1,408,795
State Bank of India	782.5	812.9	777	40,220,096
Shriram Finance Ltd	3,235.65	3,266.95	3,220.2	611,612
Bharat Petroleum Corporation Ltd	352.15	365.25	351.05	19,044,553
Kotak Mahindra Bank Ltd	1,764.15	1,781.95	1,756.5	3,254,880
Infosys Ltd	1,901.85	1,936.5	1,896.85	5,848,106
Bajaj Finance Ltd	7,317.15	7,395	7,255.55	1,842,827
Adani Enterprises Ltd	2,975.45	3,025	2,968	1,251,165
Sun Pharmaceuticals Industries Ltd	1,824.55	1,850	1,805	1,701,134
JSW Steel Ltd	932.8	939.4	911.7	1,984,209
HDFC Bank Ltd	1,636.95	1,647.75	1,634.1	13,014,801
Tata Consultancy Services Ltd	4,456.75	4,518.95	4,440	1,649,179
ICICI Bank Ltd	1,208.15	1,233.9	1,205	10,170,479
Power Grid Corporation of India Ltd	329.8	333.1	325	23,755,639
Maruti Suzuki India Ltd	12,186.15	12,304.85	12,094.7	733,354
IndusInd Bank Ltd	1,409.35	1,438.2	1,401.5	2,608,515
Axis Bank Ltd	1,158.75	1,181.35	1,150.8	9,874,576
HCL Technologies Ltd	1,756.1	1,795.75	1,740.05	3,351,716
Oil & Natural Gas Corpn Ltd	308.8	313.15	303.7	27,946,491
NTPC Ltd	394.8	404.65	392.7	17,956,121
Coal India Ltd	488.55	499	481.05	13,110,103
Bharti Airtel Ltd	1,539.25	1,555.6	1,530.2	5,497,805
Tech Mahindra Ltd	1,623.25	1,651.2	1,613.95	1,672,937
LTIMindtree Ltd	6,165.4	6,317.95	6,146.95	1,157,210
Divis Laboratories Ltd	5,137.8	5,170	5,062.35	432,124
Adani Ports & Special Economic Zone Ltd	1,442.4	1,468.75	1,427.55	3,340,767
HDFC Life Insurance Company Ltd	738.4	754.1	736.05	2,765,612
SBI Life Insurance Company Ltd	1,896.3	1,916.85	1,889.45	772,396
UltraTech Cement Ltd	11,432.85	11,525	11,320	245,248
Bajaj Auto Ltd	10,830.1	10,913.95	10,796.25	216,847
Bajaj Finserv Ltd	1,857.15	1,898	1,836	2,970,645

Introduction to Nifty

What is NIFTY?

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.

Eligibility Criteria for NIFTY Index Listing?

The NIFTY 50 index's 50 stocks are chosen for inclusion based on a set of criteria. These are:

• NSE Listing: The company should be listed at NSE. Additionally, a company's stock should be accessible for trading in the futures and options portion of the NSE. A company cannot be a component of NIFTY 50 if it is not listed and traded on the NSE.
• Market Cap: Based on their free-float market capitalization, the top 50 large-cap companies are chosen. The market capitalization of a company is calculated by multiplying its stock price with the number of its outstanding shares.
• Liquidity: The liquidity of a stock is another important consideration for inclusion in NIFTY 50. This means that equities that are a component of the NIFTY 50 index must have enough liquidity so that they can be readily bought and sold, without any significant loss in their value.
• Reshuffling: The NIFTY 50 index's 50 firms are not set in stone. Every year, in the months of June and December, the index is rebalanced. NIFTY 50 index removes stocks that are no longer in the top 50 market capitalization list, at the time of rebalancing of the index. Stocks that have been delisted or suspended are also removed from Nifty 50.

How is the value of Nifty 50 index 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 = Rs. 40cr. However, it should be noted that the market cap of most of these companies is in ‘thousand crores’.

How can you invest in the Nifty 50?

Widely there are 4 ways to invest in the Nifty 50 index. Some people may prefer one over the other depending on the involvement they want while managing their funds. These methods are:

• Buy the same stocks in the same proportion as in the index: This entails rebalancing your portfolio daily and recreating the weights. It's a time-consuming process, but it's worth it. Since you cannot acquire shares in fractions and the exact weight of the equities cannot be maintained as a result, that would also require a substantial cost.
• Invest in index mutual funds: It is one of the easiest ways to invest in the index. Here the fund manager will look after your funds and you can even start with smaller amounts.
• Invest via ETFs: ETFs are investment instruments just like Mutual funds and stocks. A major advantage for these is that they are traded on the exchanges and hence liquidity is high.
• Invest through derivatives: Investing through derivatives like futures and options may be unconventional but it is certainly an option. Here you do not get physical delivery of shares in the index. The contract is cash settled on maturity which is 3 months. This means that the investor needs to create a fresh position every three months.

Why you should consider investing in the Index?

Index funds, such as the Nifty 50 Index Fund, are the ideal choice for long-term investing. Market swings will likely be averaged out over a 10-year investing horizon, which will result in significant rewards. Every investor aims to diversify their portfolio to lower investment risk. Nifty 50 Index funds are diverse in their investments because they track the Nifty 50 index. They have stakes in businesses operating in several sectors.

Stock indices like the Nifty 50 regularly update their constituent stocks. As a result, the fund manager of an index mutual fund buys and sells the same securities to keep track of the index. Your risk as an investor is therefore considerably reduced when you invest in an index mutual fund.

Every mutual fund typically keeps a set portion of your total investment, aside, to cover operating costs. The ratio of these costs to the value of your investment is known as the TER (Total Expense Ratio). As passive investments, index funds often have lower expense ratios than active mutual funds.