Nifty

10,516.70

-79.70 (-0.75%)

21-May-18 16:51

Open

10,616.70

Prev. Close

10,596.40

Mkt Cap.

7,689,665.69

Div Yield

--

PE

--

PB

--

Performance

One Week (%)

-1.94

One Month (%)

0.67

One Year (%)

12.38

YTD (%)

3.77



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.


Nifty Listed Companies

Company Name CMP High Low Volume
Asian Paints Ltd 1,301.70 1,314.70 1,290.85 692,442
Cipla Ltd 520.45 536.80 516.00 2,013,336
Eicher Motors Ltd 29,432.90 30,199.80 29,316.05 29,903
Grasim Industries Ltd 1,036.00 1,071.35 1,030.05 937,826
Housing Development Finance Corporation Ltd 1,819.20 1,860.00 1,816.50 2,816,934
Hero MotoCorp Ltd 3,492.90 3,578.60 3,461.75 258,835
Hindalco Industries Ltd 228.25 234.00 224.35 8,159,685
Hindustan Unilever Ltd 1,578.65 1,619.40 1,573.05 1,510,806
ITC Ltd 282.35 284.00 278.50 8,579,200
Larsen & Toubro Ltd 1,313.25 1,336.85 1,311.00 2,047,129
Mahindra & Mahindra Ltd 825.95 847.25 821.60 1,670,673
Reliance Industries Ltd 931.35 935.70 922.10 6,624,893
Vedanta Ltd 263.85 273.25 261.05 9,703,835
Tata Motors Ltd 295.90 307.20 294.70 11,549,490
Tata Steel Ltd 577.00 600.75 574.75 7,162,233
Wipro Ltd 264.85 269.45 264.10 3,045,146
Dr Reddys Laboratories Ltd 1,893.05 1,991.00 1,887.00 505,736
Titan Company Ltd 915.25 944.50 912.75 1,233,987
State Bank of India 244.45 245.75 240.30 18,780,730
Bharat Petroleum Corporation Ltd 393.85 394.70 385.50 4,331,525
Hindustan Petroleum Corporation Ltd 312.85 316.35 309.00 3,585,804
Kotak Mahindra Bank Ltd 1,276.65 1,299.95 1,269.55 1,998,879
UPL Ltd 682.55 711.90 675.20 2,386,302
Infosys Ltd 1,179.50 1,188.40 1,170.00 4,237,660
Lupin Ltd 736.25 745.30 735.00 984,687
Zee Entertainment Enterprises Ltd 554.10 569.95 551.00 976,703
Bajaj Finance Ltd 2,105.45 2,149.00 2,080.55 2,376,823
Sun Pharmaceuticals Industries Ltd 443.75 465.00 440.30 5,809,871
HDFC Bank Ltd 1,993.05 2,021.00 1,986.05 1,212,027
Tata Consultancy Services Ltd 3,556.75 3,592.00 3,518.05 1,723,089
ICICI Bank Ltd 289.30 293.00 287.75 23,155,638
Power Grid Corporation of India Ltd 212.65 214.45 211.60 9,376,866
Maruti Suzuki India Ltd 8,428.50 8,524.80 8,255.50 872,463
IndusInd Bank Ltd 1,924.95 1,947.00 1,912.45 845,801
Axis Bank Ltd 526.85 537.80 521.85 4,258,800
HCL Technologies Ltd 895.95 900.55 887.00 1,471,238
Oil & Natural Gas Corpn Ltd 185.75 188.65 185.20 3,380,355
NTPC Ltd 164.40 167.20 162.70 3,232,645
Indian Oil Corporation Ltd 165.15 165.75 162.80 6,378,755
Coal India Ltd 270.25 271.50 264.60 1,798,554
GAIL (India) Ltd 325.65 326.90 319.00 2,465,405
Bharti Airtel Ltd 360.00 369.25 355.20 4,941,028
Tech Mahindra Ltd 685.35 695.90 678.25 2,342,450
Adani Ports & Special Economic Zone Ltd 383.70 392.55 381.50 1,544,488
UltraTech Cement Ltd 3,852.25 4,019.00 3,814.20 516,801
Yes Bank Ltd 334.15 349.20 333.05 8,748,958
Bajaj Auto Ltd 2,720.55 2,774.95 2,703.50 393,470
Bajaj Finserv Ltd 5,722.05 5,775.00 5,620.80 163,075
Indiabulls Housing Finance Ltd 1,108.35 1,145.10 1,095.10 2,937,687
Bharti Infratel Ltd 321.70 323.50 315.60 1,523,518