What is Nifty 50?
Stock market is one of the most attractive investment avenues in India. The ability of the stock market to generate handsome returns makes it very popular among investors. In the recent past decade, the stock market has grown the money of investors by manifold and it continues to do so. While talking about the stock market you must have come across the term Nifty 50. It is one of the most common terms for those trading and investing in the Indian stock market. In this article, we shall learn more about the term and concept of Nifty 50.
Meaning of Nifty 50
On 21st April the National Stock Exchange of India introduced an equity benchmark known as Nifty. The term Nifty is derived from two words; National and Fifty. Nifty 50 consists of 50 stocks traded on the exchange. These 50 stocks represent the 12 different sectors of the economy.
The Nifty 50 serves many purposes like benchmarking fund portfolios, index funds and index-based derivatives. NSE Indices Limited (formerly known as India Index Services & Products Limited), owns and manages Nifty 50. Nifty 50 is the core product of NSE indices.
Let us now learn about the features of Nifty 50.
Features of Nifty 50
• The free float market capitalization of Nifty 50 index stocks is 66.8% as on March 29, 2019.
• The data for the last six months as on March 29, 2019, shows that Nifty 50 index constituents were 53.4% approximately of the total traded value of stocks on the NSE.
• Portfolio size of Rs. 50 lakhs of the Nifty 50 has an impact cost of 0.02% for the month of March 2019.
• For derivatives trading, Nifty 50 stocks are ideal.
Since you are now aware of the basic concept and other important information related to the Nifty 50, let us now learn about the stocks that are part of the Nifty 50 Index along with their sector and security symbol.
List of Stocks Part of Nifty 50 Index
Company Name Industry Symbol Series ISIN Code
Adani Ports and Special Economic Zone Ltd. SERVICES ADANIPORTS EQ INE742F01042
Asian Paints Ltd. CONSUMER GOODS ASIANPAINT EQ INE021A01026
Axis Bank Ltd. FINANCIAL SERVICES AXISBANK EQ INE238A01034
Bajaj Auto Ltd. AUTOMOBILE BAJAJ-AUTO EQ INE917I01010
Bajaj Finance Ltd. FINANCIAL SERVICES BAJFINANCE EQ INE296A01024
Bajaj Finserv Ltd. FINANCIAL SERVICES BAJAJFINSV EQ INE918I01018
Bharat Petroleum Corporation Ltd. ENERGY BPCL EQ INE029A01011
Bharti Airtel Ltd. TELECOM BHARTIARTL EQ INE397D01024
Bharti Infratel Ltd. TELECOM INFRATEL EQ INE121J01017
Britannia Industries Ltd. CONSUMER GOODS BRITANNIA EQ INE216A01030
Cipla Ltd. PHARMA CIPLA EQ INE059A01026
Coal India Ltd. METALS COALINDIA EQ INE522F01014
Dr. Reddy’s Laboratories Ltd. PHARMA DRREDDY EQ INE089A01023
Eicher Motors Ltd. AUTOMOBILE EICHERMOT EQ INE066A01013
GAIL (India) Ltd. ENERGY GAIL EQ INE129A01019
Grasim Industries Ltd. CEMENT & CEMENT PRODUCTS GRASIM EQ INE047A01021
HCL Technologies Ltd. IT HCLTECH EQ INE860A01027
HDFC Bank Ltd. FINANCIAL SERVICES HDFCBANK EQ INE040A01026
Hero MotoCorp Ltd. AUTOMOBILE HEROMOTOCO EQ INE158A01026
Hindalco Industries Ltd. METALS HINDALCO EQ INE038A01020
Hindustan Unilever Ltd. CONSUMER GOODS HINDUNILVR EQ INE030A01027
Housing Development Finance Corporation Ltd. FINANCIAL SERVICES HDFC EQ INE001A01036
ICICI Bank Ltd. FINANCIAL SERVICES ICICIBANK EQ INE090A01021
ITC Ltd. CONSUMER GOODS ITC EQ INE154A01025
Indiabulls Housing Finance Ltd. FINANCIAL SERVICES IBULHSGFIN EQ INE148I01020
Indian Oil Corporation Ltd. ENERGY IOC EQ INE242A01010
IndusInd Bank Ltd. FINANCIAL SERVICES INDUSINDBK EQ INE095A01012
Infosys Ltd. IT INFY EQ INE009A01021
JSW Steel Ltd. METALS JSWSTEEL EQ INE019A01038
Kotak Mahindra Bank Ltd. FINANCIAL SERVICES KOTAKBANK EQ INE237A01028
Larsen & Toubro Ltd. CONSTRUCTION LT EQ INE018A01030
Mahindra & Mahindra Ltd. AUTOMOBILE M&M EQ INE101A01026
Maruti Suzuki India Ltd. AUTOMOBILE MARUTI EQ INE585B01010
NTPC Ltd. ENERGY NTPC EQ INE733E01010
Oil & Natural Gas Corporation Ltd. ENERGY ONGC EQ INE213A01029
Power Grid Corporation of India Ltd. ENERGY POWERGRID EQ INE752E01010
Reliance Industries Ltd. ENERGY RELIANCE EQ INE002A01018
State Bank of India FINANCIAL SERVICES SBIN EQ INE062A01020
Sun Pharmaceutical Industries Ltd. PHARMA SUNPHARMA EQ INE044A01036
Tata Consultancy Services Ltd. IT TCS EQ INE467B01029
Tata Motors Ltd. AUTOMOBILE TATAMOTORS EQ INE155A01022
Tata Steel Ltd. METALS TATASTEEL EQ INE081A01012
Tech Mahindra Ltd. IT TECHM EQ INE669C01036
Titan Company Ltd. CONSUMER GOODS TITAN EQ INE280A01028
UPL Ltd. FERTILISERS & PESTICIDES UPL EQ INE628A01036
UltraTech Cement Ltd. CEMENT & CEMENT PRODUCTS ULTRACEMCO EQ INE481G01011
Vedanta Ltd. METALS VEDL EQ INE205A01025
Wipro Ltd. IT WIPRO EQ INE075A01022
Yes Bank Ltd. FINANCIAL SERVICES YESBANK EQ INE528G01027
Zee Entertainment Enterprises Ltd. MEDIA & ENTERTAINMENT ZEEL EQ INE256A01028
Let us now learn about the method of computation of Nifty 50 Index
Method of Computation
Nifty 50 is computed on the basis of the free float market capitalization weighted method. The index level reflects the market value of all the stocks that are part of the index according to a particular base period. In addition, this method of computation considers the changes in the index and furthermore includes various actions taken by the companies like a right issue, stock split, etc. without having any effect on the index value.
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