NIFTY 50
Template:Infobox financial index
The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.[1] It is one of the two main stock indices used in India, the other being the BSE SENSEX.[2]
Nifty 50 is owned and managed by NSE Indices (previously known as India Index Services & Products Limited), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.[3][4] NSE Indices had a marketing and licensing agreement with Standard & Poor's for co-branding equity indices until 2013. The Nifty 50 index was launched on 22 April 1996,[5] and is one of the many stock indices of Nifty.
The NIFTY 50 index has shaped up to be the largest single financial product in India, with an ecosystem consisting of exchange-traded funds (onshore and offshore), exchange-traded options at NSE,[6] and futures and options abroad at the SGX.[7] NIFTY 50 is the world's most actively traded contract. WFE, IOM and FIA surveys endorse NSE's leadership position.[8][9][citation needed]
The NIFTY 50 index covers 13 sectors (as on 30 April 2021) of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. Between 2008 & 2012, the NIFTY 50 index's share of NSE's market capitalisation fell from 65% to 29%[10] 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 a weightage of 39.47% to financial services, 15.31% to Energy, 13.01% to IT, 12.38% to consumer goods, 6.11% to Automobiles and 0% to the agricultural sector.[11]
The NIFTY 50 index is a free float market capitalisation weighted index. The index was initially calculated on a full market capitalisation methodology. On 26 June 2009, the computation was changed to a free-float methodology. The base period for the NIFTY 50 index is 3 November 1995, which marked the completion of one year of operations of the National Stock Exchange Equity Market Segment. The base value of the index has been set at 1000 and a base capital of ₹ 2.06 trillion.[12][13]
Former constituents[edit]
In February 2019, Britannia Industries entered the Nifty 50 by replacing Hindustan Petroleum Corporation Ltd. HPCL was moved into Nifty Next 50.[14] From 27 September 2019, Nestlé India was included in the Nifty 50 index and the Nifty 50 Equal Weight index, it replaced Indiabulls Housing Finance Ltd.[15] On 31 July 2020 HDFC Life was included in the Nifty 50 index, it replaced Vedanta Limited.[16] In September 2020, Divi's Laboratories and SBI Life Insurance Company replaced Bharti Infratel and Zee Entertainment Enterprises on the Nifty 50 index.[17] On 31 March 2021, Tata Consumer Products was included in the Nifty 50 index replacing GAIL.[18]
Constituents[edit]
Company Name | Symbol | Sector |
---|---|---|
Adani Ports | ADANIPORTS | Infrastructure |
Asian Paints | ASIANPAINT | Consumer Goods |
Axis Bank | AXISBANK | Banking |
Bajaj Auto | BAJAJ-AUTO | Automobile |
Bajaj Finance | BAJFINANCE | Financial Services |
Bajaj Finserv | BAJAJFINSV | Financial Services |
Bharti Airtel | BHARTIARTL | Telecommunication |
Bharat Petroleum | BPCL | Energy - Oil & Gas |
Britannia Industries | BRITANNIA | Consumer Goods |
Cipla | CIPLA | Pharmaceuticals |
Coal India | COALINDIA | Metals |
Divi's Laboratories | DIVISLAB | Pharmaceuticals |
Dr. Reddy's Laboratories | DRREDDY | Pharmaceuticals |
Eicher Motors | EICHERMOT | Automobile |
Grasim Industries | GRASIM | Cement |
HCL Technologies | HCLTECH | Information Technology |
HDFC | HDFC | Financial Services |
HDFC Bank | HDFCBANK | Banking |
HDFC Life | HDFCLIFE | Financial Services |
Hero MotoCorp | HEROMOTOCO | Automobile |
Hindalco Industries | HINDALCO | Metals |
Hindustan Unilever | HINDUNILVR | Consumer Goods |
ICICI Bank | ICICIBANK | Banking |
IndusInd Bank | INDUSINDBK | Banking |
Infosyss | INFY | Information Technology |
Indian Oil Corporation | IOC | Energy - Oil & Gas |
ITC Limited | ITC | Consumer Goods |
JSW Steel | JSWSTEEL | Metals |
Kotak Mahindra Bank | KOTAKBANK | Banking |
Larsen & Toubro | LT | Construction |
Mahindra & Mahindra | M&M | Automobile |
Maruti Suzuki | MARUTI | Automobile |
Nestlé India | NESTLEIND | Consumer Goods |
NTPC | NTPC | Energy - Power |
Oil and Natural Gas Corporation | ONGC | Energy - Oil & Gas |
Power Grid Corporation of India | POWERGRID | Energy - Power |
Reliance Industries | RELIANCE | Energy - Oil & Gas |
State Bank of India | SBIN | Banking |
SBI Life Insurance Company | SBILIFE | Financial Services |
Shree Cements | SHREECEM | Cement |
Sun Pharmaceutical | SUNPHARMA | Pharmaceuticals |
Tata Motors | TATAMOTORS | Automobile |
Tata Steel | TATASTEEL | Metals |
Tata Consultancy Services | TCS | Information Technology |
Tata Consumer Products | TATACONSUM | Consumer Goods |
Tech Mahindra | TECHM | Information Technology |
Titan Company | TITAN | Consumer Durables |
UltraTech Cement | ULTRACEMCO | Cement |
United Phosphorus Limited | UPL | Chemicals |
Wipro | WIPRO | Information Technology[19] |
Major single day falls[edit]
This article needs additional citations for verification. (October 2020) |
Following are some of the notable single-day falls of the NIFTY 50 Index -
Sl. No. | Date | Fall | Probable Reason |
---|---|---|---|
1 | 28 October 1997 | 8.01% | Investors deserted emerging Asian shares during the Asian Financial Crisis. Crashes also occurred in Thailand, Indonesia, South Korea and 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.[20][21] |
4 | 24 August 2015 | 5.92% (490.95 points) | Driven by the meltdown in the Chinese Stock market.[22] |
5 | 24 June 2016 | 181.5 points | Driven by the Brexit Referendum.[23] |
6 | 11 November 2016 | 229.45 points | Driven by the Demonetization move by the Indian Government and the 2016 US Election Results.[24] |
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 | 132.80 points | Due to Union Budget FY 2019 and Global Equity sell-off. |
12 | 8 July 2019 | 252.55 points | Due to Union Budget FY 2019. |
13 | 22 August 2019 | 177.35 points (1.62%) | Due to concerns about slowing Indian economy.[25][26] |
14 | 3 September 2019 | 225.35 points (2.04%) | Due to Multiple PSU Bank Merger Announcements.[27][26] |
15 | 17 September 2019 | 185.90 points (1.69%) | Driven by rising crude oil prices and the drone attack on Saudi Arabia's oil fields.[28][26] |
16 | 1 February 2020 | 373.95 points (3.11%) | Driven by the Union Budget FY 2020 and coronavirus pandemic which saw global breakdown a day before Budget.[29] |
17 | 9 March 2020 | 538.00 points (4.90%) | Driven by the COVID-19 pandemic.[30][31] |
18 | 12 March 2020 | 868.25 points (8.30%) | Driven by the COVID-19 pandemic after WHO declared it a pandemic.[32] |
19 | 16 March 2020 | 757.80 points (7.61%) | Driven by the COVID-19 pandemic.[33] |
20 | 23 March 2020 | 1135.20 points (12.98%) | Driven by the COVID-19 pandemic.[34] |
21 | 11 June 2020 | 214.15 points (2.12%) | Driven by the weak economic outlook as predicted by the United States Federal Reserve.[35][36] |
22 | 26 Feb 2021 | 568.20 (3.76%) | Global breakdown. |
23 | 12 Apr 2021 | 524.05 (3.53%) | Rise in daily COVID cases, speculation of complete lockdown in the Maharashtra state |
Major single day gains[edit]
Following are some of the notable single-day gains of the NIFTY 50 Index -
Sl. No. | Date | High | Probable Reason |
---|---|---|---|
1 | 20 May 2019 | 3.69% (421.10 points) | Exit Polls of 2019 General elections. |
2 | 23 May 2019 | 2.49% (300.90 points) | Results of the 2019 General Elections in which NDA alliance wins. |
3 | 8 August 2019 | 1.63% (176.95 points) | FPI surcharge rollback |
4 | 26 August 2019 | 2.16% (234.45 points) | Relief measures, likely US-China trade talks begin.[1] |
5 | 20 September 2019 | 6.12% ( 655.45 points) | Indian FM announced a cut in the corporate tax rate for domestic companies and new domestic manufacturing companies |
6 | 23 September 2019 | 3.73% (420.65 points ) | Following a corporate tax cut in India |
7 | 7 April 2020 | 8.76% (708.40 points) | Positive news that infection numbers were peaking in some of the worst affected areas around the world[37] |
8 | 1 Feb 2021 | 4.74% (646.60 points) | Union budget day by Nirmala Sitharaman |
Annual returns[edit]
The following table shows the annual development of the NIFTY 50 since 2000.[38] The historical daily returns data can be accessed from the NSE website.[39]
Year | Closing level | Change in Index in Points |
Change in Index in % |
---|---|---|---|
2000 | 1,263.55 | −216.90 | −14.65 |
2001 | 1,059.05 | −204.50 | −13.94 |
2002 | 1,093.50 | 34.45 | 3.25 |
2003 | 1,879.75 | 786.25 | 71.90 |
2004 | 2,080.50 | 200.75 | 10.68 |
2005 | 2,836.55 | 756.05 | 36.34 |
2006 | 3,966.40 | 1,129.85 | 39.83 |
2007 | 6,138.60 | 2,172.20 | 54.77 |
2008 | 2,959.15 | −3,179.45 | −51.79 |
2009 | 5,201.05 | 2,241.90 | 75.76 |
2010 | 6,134.50 | 933.45 | 17.95 |
2011 | 4,624.30 | −1,510.20 | −24.62 |
2012 | 5,905.10 | 1,280.80 | 27.70 |
2013 | 6,304.00 | 398.90 | 6.76 |
2014 | 8,282.70 | 1,978.70 | 31.39 |
2015 | 7,964.35 | −318.35 | −3.84 |
2016 | 8,185.80 | 239.45 | 3.01 |
2017 | 10,530.70 | 2,344.90 | 28.65 |
2018 | 10,862.55 | 331.85 | 3.15 |
2019 | 12,168.45 | 1,305.90 | 12.02 |
2020 | 13,981.75 | 1,813.30 | 14.90 |
Derivatives[edit]
Trading in call and put options on the Nifty 50 are offered by the NSE.[40]
NIFTY Next 50[edit]
NIFTY Next 50, also called NIFTY Junior, is an index of 50 companies whose free float market capitalisation comes after that of the companies in NIFTY 50. NIFTY Next 50 constituents are thus potential candidates for future inclusion in NIFTY 50.[41]
Nifty Next 50 constituents as of October 2021:[42][43]
- Constituents
Company Name | Symbol | Sector |
---|---|---|
ACC | ACC | Cement |
Adani Enterprises | ADANIENT | Metals |
Adani Green Energy | ADANIGREEN | Energy - Power |
Adani Transmission | ADANITRANS | Energy - Power |
Ambuja Cements | AMBUJACEM | Cement |
Apollo Hospitals | APOLLOHOSP | Healthcare |
Aurobindo Pharma | AUROPHARMA | Pharmaceuticals |
Avenue Supermarts | DMART | Retail |
Bajaj Holdings | BAJAJHLDNG | Financial Services |
Bandhan Bank | BANDHANBNK | Banking |
Bank of Baroda | BANKBARODA | Banking |
Berger Paints | BERGEPAINT | Consumer Goods |
Biocon | BIOCON | Pharmaceuticals |
Bosch | BOSCHLTD | Automobile |
Cadila Healthcare | CADILAHC | Pharmaceuticals |
Cholamandalam | CHOLAFIN | Financial Services |
Colgate-Palmolive | COLPAL | Consumer Goods |
Dabur | DABUR | Consumer Goods |
DLF | DLF | Construction |
GAIL | GAIL | Energy - Oil & Gas |
Gland Pharma | GLAND | Pharmaceuticals |
Godrej Consumer Products | GODREJCP | Consumer Goods |
Havells | HAVELLS | Consumer Durables |
HDFC AMC | HDFCAMC | Financial Services |
Hindustan Petroleum | HINDPETRO | Energy - Oil & Gas |
ICICI Lombard General Insurance | ICICIGI | Financial Services |
ICICI Prudential Life Insurance | ICICIPRULI | Financial Services |
Indraprastha Gas | IGL | Energy - Oil & Gas |
Indus Towers | INDUSTOWER | Telecommunication |
Info Edge | NAUKRI | Internet |
Interglobe Aviation | INDIGO | Services - Transport & Logistics |
Jindal Steel and Power | JINDALSTEL | Metals |
Jubilant FoodWorks | JUBLFOOD | Consumer Goods |
L&T Infotech | LTI | Information Technology |
Lupin | LUPIN | Pharmaceuticals |
Marico | MARICO | Consumer Goods |
Muthoot Finance | MUTHOOTFIN | Financial Services |
NMDC | NMDC | Metals |
PI Industries | PIIND | Chemicals |
Pidilite Industries | PIDILITIND | Chemicals |
Piramal Enterprises | PEL | Pharmaceuticals |
Procter & Gamble | PGHH | Consumer Goods |
Punjab National Bank | PNB | Banking |
SBI Card | SBICARD | Financial Services |
Siemens | SIEMENS | Infrastructure |
Steel Authority of India | SAIL | Metals |
Torrent Pharmaceuticals | TORNTPHARM | Pharmaceuticals |
United Spirits | MCDOWELL-N | Consumer Goods |
Vedanta | VEDL | Metals |
Yes Bank | YESBANK | Banking |
NIFTY sectoral indices[edit]
See also[edit]
References[edit]
- ↑ "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.
- ↑ India, NSE. "Corporate structure".
- ↑ India, NSE. "About NSE Indices".
- ↑ "Nse official website". Retrieved 6 January 2021.
- ↑ "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.
- ↑ Serah Sudhin (September 2017). "The Journey of Nifty-Fifty" (PDF). International Journal of Academic Research and Development. 2 (5): 4. Retrieved 6 January 2021.
- ↑ India, N. S. E. "NSE - Page Not Found" (PDF). NSE India.
{{cite web}}
: Cite uses generic title (help) - ↑ "NIFTY 50 loses importance to sectoral indices" (PDF).
- ↑ "Sectoral weightage of CNX Nifty 50 Index" (PDF). Archived from the original (PDF) on 23 January 2014. Retrieved 14 September 2013.
- ↑ "CNX Nifty Index Methodology" (PDF).
- ↑ "NSE - National Stock Exchange of India Ltd". nseindia.com.
- ↑ "Britannia to replace Hindustan Petroleum in Nifty 50 from 29 March". Livemint. 25 February 2019.
- ↑ Staff Writer (28 August 2019). "Nestle India to be included in NSE Nifty 50 Index". Livemint.
- ↑ HDFC Life to replace Vedanta in Nifty 50
- ↑ "Divi's Labs And SBI Life Enter Nifty 50, Zee And Bharti Infratel Out". BloombergQuint. Retrieved 15 September 2020.
- ↑ "Tata Consumer Products To Replace GAIL In Nifty 50 From March 31". BloombergQuint. Retrieved 18 June 2021.
- ↑ https://www1.nseindia.com/live_market/dynaContent/live_watch/equities_stock_watch.htm?cat=N
- ↑ "News18.com: CNN-News18 Breaking News India, Latest News, Current News Headlines". News18. Archived from the original on 20 August 2013. Retrieved 21 December 2017.
- ↑ "Sensex, Nifty reel as Brexit spooks world markets". Business Line. 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". 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.
- ↑ "Markets end deep in red; Sensex falls nearly 590 points, Nifty slips below 10,750". Zee News. 22 August 2019. Retrieved 10 June 2020.
- ↑ 26.0 26.1 26.2 "Nifty 50 (^NSEI) historical data – Yahoo Finance". in.finance.yahoo.com. Retrieved 6 October 2020.
- ↑ Team, BS Web (3 September 2019). "Market Wrap, Sep 03: Sensex nosedives 770 pts, Nifty settles below 10,800". Business Standard India. Retrieved 6 October 2020.
- ↑ Desk, BL Internet. "Market slips on oil spills: Sensex crashes 642 points, Nifty near 10,800-level". @businessline. Retrieved 6 October 2020.
- ↑ "Stock market at odds with Union Budget 2020; SENSEX slips over 1,000 pts, NIFTY at 11,643". DNA India. 1 February 2020. Retrieved 1 February 2020.
- ↑ Sharma, Devansh (9 March 2020). "Pandemonium in markets, Sensex cracks over 1900 points; Yes Bank jumps 31%". mint. Retrieved 6 October 2020.
- ↑ Team, BS Web (9 March 2020). "Market Wrap, March 9: Sensex dips 1942 pts, Nifty at 10,451". Business Standard India. Retrieved 6 October 2020.
- ↑ Desk, BL Internet. "Sensex, Nifty suffer biggest one-day fall amid global sell off". @businessline. Retrieved 6 October 2020.
- ↑ Team, BS Web (16 March 2020). "Market Wrap, March 16: Sensex tanks 2,713 pts, Nifty ends at 9,199". Business Standard India. Retrieved 6 October 2020.
- ↑ Guha, Ishita (23 March 2020). "Key indices suffer massive sell-off; Sensex ends down nearly 4,000 points". mint. Retrieved 6 October 2020.
- ↑ "Fed to keep buying bonds, foresees no rate hike through 2022". The Economic Times. 11 June 2020. Retrieved 11 June 2020.
- ↑ "Sensex tanks 709 points; Nifty closes below 10,000". Zee News. 11 June 2020. Retrieved 11 June 2020.
- ↑ Shah, Ami (7 April 2020). "Sensex, Nifty post biggest single-day gain; Rs 7.9 lakh crore added". The Economic Times. Retrieved 10 June 2020.
- ↑ "S&P/CNX Nifty Index (India) Yearly Stock Returns". 1stock1.com. Retrieved 20 January 2020.
- ↑ "NSE - Historical Index Data".
- ↑ "National Stock Exchange of India Ltd". NSE. 1 April 2013. Retrieved 28 June 2020.
- ↑ India, N. S. E. "NSE - Page Not Found" (PDF). NSE India.
{{cite web}}
: Cite uses generic title (help) - ↑ "NIFTY Next 50 Index". NSE India. Retrieved 6 October 2020.
- ↑ "Nifty 50 next rejig: List of stocks to be included, excluded from 31 March". mint. 23 February 2021.
- ↑ "Sectoral Indices". NSE India. Retrieved 4 May 2020.
- ↑ "Replacements in Indices" (PDF). www1.nseindia.com. 23 February 2021. Retrieved 30 March 2021.