NIFTY 50
{{Short description|Indian stock market index}}
{{For-multi|the informal 1960s US stock market designation|Nifty Fifty}}
{{Use Indian English|date=September 2020}}
{{Use dmy dates|date=September 2020}}
{{Infobox financial index
| name = NIFTY 50
| logo =220px
| image = NIFTY 50 Returns Graph.png
| caption = Performance of the NIFTY 50 index between 1990 and 2024
| foundation = {{start date and age|df=yes|p=y|22 April 1996}}
| operator = NSE Indices
| exchanges = National Stock Exchange of India
| symbol = ^NSEI
| constituents = 50
| cap_level = Large cap
| mcap =
| weighting = Free-float capitalization-weighted
| related = NIFTY Next 50{{br}}NIFTY 500
| homepage = {{URL|https://www.niftyindices.com/indices/equity/broad-based-indices/NIFTY--50}}
| bloomberg =
}}
The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.{{cite web |title=NSE Indices |url=https://archives.nseindia.com/content/indices/ind_nifty50.pdf |url-status=live |archive-url=https://web.archive.org/web/20240412191903/https://archives.nseindia.com/content/indices/ind_nifty50.pdf |archive-date=2024-04-12 |access-date=2024-04-13 |website=National Stock Exchange of India}}{{cite web |title=Broadmarket indices – NIFTY 50 Index |url=https://nseindia.com/products/content/equities/indices/nifty_50.htm |url-status=live |archive-url=https://web.archive.org/web/20190421182544/https://www.nseindia.com/products/content/equities/indices/nifty_50.htm |archive-date=21 April 2019 |access-date=2023-03-04 |website=National Stock Exchange of India |publisher=}} Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the National Stock Exchange of India.{{cite web |title=Corporate structure |url=https://www.nseindia.com/structure-key-personnel/corporate-structure |url-status=live |archive-url=https://web.archive.org/web/20200725150256/https://www.nseindia.com/structure-key-personnel/corporate-structure |archive-date=2020-07-25 |access-date=2020-06-25 |website=National Stock Exchange of India}}{{cite web |title=About NSE Indices |url=https://www.nseindia.com/nse-indices |url-status=live |archive-url=https://web.archive.org/web/20200113084405/https://www.nseindia.com/nse-indices |archive-date=2020-01-13 |access-date=2024-07-08 |website=National Stock Exchange of India}} The Nifty 50 index was launched on 22 April 1996 with a base date of 3 November 1995 and with 1000 as its base value.{{Cite web |date=2017-07-25 |title=Nifty's journey from 1,000 to 10,000: Brief history and major milestones |url=https://www.financialexpress.com/market/nifty-10000-today-update-sensex-market-history-milestones-25-july-2017-778089/ |access-date=2024-11-09 |website=Financialexpress |language=en}}{{Cite web |title=Nifty Indices |url=https://www.niftyindices.com/indices/equity/broad-based-indices/NIFTY--50}}
The NIFTY 50 index ecosystem consists of index funds (both onshore and offshore mutual funds and ETFs), and futures and options at NSE and NSE International Exchange (through GIFT Nifty).{{cite web |title=NSE Equity Derivatives Contract Specifications |url=https://www.nseindia.com/products/content/derivatives/equities/contract_specifitns.htm |url-status=live |archive-url=https://web.archive.org/web/20190816215703/https://www.nseindia.com/products/content/derivatives/equities/contract_specifitns.htm |archive-date=2019-08-16 |access-date=2019-08-16 |website=National Stock Exchange of India}}{{Cite web |last=Taparia |first=Vidhi |date=2023-07-10 |title=What is 'GIFT Nifty' — the new avatar of the India-Singapore joint stock exchange, now in Gujarat |url=https://theprint.in/theprint-essential/what-is-gift-nifty-the-new-avatar-of-the-india-singapore-joint-stock-exchange-now-in-gujarat/1660722/ |url-status=live |archive-url=https://web.archive.org/web/20230904153909/https://theprint.in/theprint-essential/what-is-gift-nifty-the-new-avatar-of-the-india-singapore-joint-stock-exchange-now-in-gujarat/1660722/ |archive-date=2023-09-04 |access-date=2024-04-12 |website=ThePrint |language=en-US}} In 2016, NIFTY 50 was reported by the WFE and FIA as the world's most actively traded index options contract, but it was later overtaken by Nifty Bank.{{cite journal |author1=Sudhin |first=Serah |date=September 2017 |title=The Journey of Nifty-Fifty |url=http://www.academicjournal.in/download/691/2-5-63-604.pdf |url-status=dead |journal=International Journal of Academic Research and Development |volume=2 |issue=5 |page=4 |issn=2455-4197 |archive-url=https://web.archive.org/web/20210107231956/http://www.academicjournal.in/download/691/2-5-63-604.pdf |archive-date=2021-01-07 |access-date=2021-01-06}}{{cite news |title=Nifty Options most actively traded globally for index options in 2015 |url=https://www.businesstoday.in/markets/stocks/story/nifty-options-most-traded-globally-for-index-options-in-2015-62697-2016-05-13 |access-date=13 August 2024 |work=Business Today |date=13 May 2016 |language=en}}{{cite news |last1=Raj |first1=Shubham |title=NSE largest derivatives exchange for 3rd year, Nifty Bank most traded index option |url=https://economictimes.indiatimes.com/markets/stocks/news/nse-largest-derivatives-exchange-for-3rd-year-nifty-bank-most-traded-index-option/articleshow/88994125.cms |access-date=13 August 2024 |work=The Economic Times |date=19 January 2022}} In 2024, NIFTY 50 overtook Nifty Bank after the latter's weekly expiry contracts were discontinued.{{Cite news |title=NSE volumes |url=https://www.moneycontrol.com/news/business/markets/new-f-o-rules-option-trading-volumes-plunge-across-indices-stocks-12886482.html}}
The NIFTY 50 index covers 13 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. As of July 2024, NIFTY 50 gives a weightage of 32.76% to financial services including banking, 13.76% to information technology, 12.12% to oil and gas, 8.46% to consumer goods, and 8.22% to automotive.
Methodology
The NIFTY 50 index is a free float market capitalisation-weighted index.
Stocks are added to the index based on the following criteria:
- Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 million.
- The company should have a listing history of 6 months.
- Companies that are allowed to trade in F&O segment are only eligible to be constituent of the index.
- The company should have a minimum listing history of 1 month as on the cutoff date
The index was initially calculated on a full market capitalization methodology. On 26 June 2009, the computation was changed to a free-float methodology.{{Cite news |date=2009-03-25 |title=Free float m-cap to decide Nifty value |url=https://economictimes.indiatimes.com/free-float-m-cap-to-decide-nifty-value/articleshow/4311871.cms |url-status=live |archive-url=https://web.archive.org/web/20240412192946/https://economictimes.indiatimes.com/free-float-m-cap-to-decide-nifty-value/articleshow/4311871.cms |archive-date=2024-04-12 |access-date=2024-04-12 |work=The Economic Times |issn=0013-0389}} The base period for the NIFTY 50 index is 3 November 1995, which marked the completion of one year of operations of the equity market segment on NSE. The base value of the index has been set at 1000 and a base capital of ₹ 2.06 trillion.{{cite web|url=https://www.nseindia.com/products/content/equities/indices/indices.htm|title=NSE – National Stock Exchange of India Ltd.|website=Nseindia.com|access-date=18 May 2016|archive-date=1 July 2022|archive-url=https://web.archive.org/web/20220701145358/https://www1.nseindia.com/products/content/equities/indices/indices.htm|url-status=live}}
The index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 every year; further, average data for the previous six months from the cut-off date is considered to filter stocks. A notice of 4 weeks from the date of change is given to market participants so that they can prepare for any changes.
Constituents
The Nifty 50 has the following constituents, as of 28 March 2025.
| class="wikitable sortable" id="constituents"
! Company name ! Symbol ! Sector{{Cite web |title=Index Constituent - Nifty 50 |url=https://www.niftyindices.com/IndexConstituent/ind_nifty50list.csv |url-status=live |archive-url=https://web.archive.org/web/20240524073805/https://www.niftyindices.com/IndexConstituent/ind_nifty50list.csv |archive-date=2024-05-24 |access-date=2024-07-01 |website=NSE Indices}} !Date added{{cite web |title=Index Inclusion Exclusion |url=https://www.niftyindices.com/Monthly_Report/IndexInclExcl.xls |url-status=live |archive-url=https://web.archive.org/web/20240609183107/https://www.niftyindices.com/Monthly_Report/IndexInclExcl.xls |archive-date=2024-06-09 |access-date=2024-02-15 |website=NSE Indices}} |
| Adani Enterprises
| ADANIENT | Metals & Mining | 30 September 2022 |
| Adani Ports & SEZ
| ADANIPORTS | Services | 28 September 2015 |
| Apollo Hospitals
| APOLLOHOSP | Healthcare | 31 March 2022 |
| Asian Paints
| ASIANPAINT | Consumer Durables | 27 April 2012{{efn|Asian Paints was also a constituent of Nifty 50 from 18 September 1996 to 28 October 2002}} |
| Axis Bank
| AXISBANK | Financial Services | 27 March 2009 |
| Bajaj Auto
| BAJAJ-AUTO | Automobile and Auto Components | 1 October 2010{{efn|Bajaj Auto was also a constituent of Nifty 50 from 22 April 1996 to 14 March 2008}} |
| Bajaj Finance
| BAJFINANCE | Financial Services | 29 September 2017 |
| Bajaj Finserv
| BAJAJFINSV | Financial Services | 2 April 2018 |
| Bharat Electronics
| BEL | Capital Goods | 30 September 2024 |
| Bharti Airtel
| BHARTIARTL | Telecommunication | 1 March 2004 |
| Cipla
| CIPLA | Healthcare | 7 October 1998 |
| Coal India
| COALINDIA | Oil, Gas & Consumable Fuels | 10 October 2011 |
| Dr. Reddy's Laboratories
| DRREDDY | Healthcare | 1 October 2010{{efn|Dr. Reddy's Laboratories was also a constituent of Nifty 50 from 22 April 1996 to 14 May 1997 and from 26 May 1999 to 10 September 2008}} |
| Eicher Motors
| EICHERMOT | Automobile and Auto Components | 1 April 2016 |
| Eternal
| ETERNAL | Consumer Services | 28 March 2025 |
| Grasim Industries
| GRASIM | Construction Materials | 2 April 2018{{efn|Grasim Industries was also a constituent of Nifty 50 from 22 April 1996 to 8 April 2010 and from 25 March 2011 to 26 May 2017}} |
| HCLTech
| HCLTECH | Information Technology | 28 October 2002 |
| HDFC Bank
| HDFCBANK | Financial Services | 22 April 1996 |
| HDFC Life
| HDFCLIFE | Financial Services | 31 July 2020 |
| Hero MotoCorp
| HEROMOTOCO | Automobile and Auto Components | 7 October 1998{{efn|Hero MotoCorp was also a constituent of Nifty 50 from 22 April 1996 to 18 September 1996}} |
| Hindalco Industries
| HINDALCO | Metals & Mining | 22 April 1996 |
| Hindustan Unilever
| HINDUNILVR | Fast Moving Consumer Goods | 22 April 1996 |
| ICICI Bank
| ICICIBANK | Financial Services | 25 January 2002 |
| IndusInd Bank
| INDUSINDBK | Financial Services | 1 April 2013 |
| Infosys
| INFY | Information Technology | 7 October 1998 |
| ITC
| ITC | Fast Moving Consumer Goods | 22 April 1996 |
| Jio Financial Services
| JIOFIN | Financial Services | 28 March 2025 |
| JSW Steel
| JSWSTEEL | Metals & Mining | 28 September 2018 |
| Kotak Mahindra Bank
| KOTAKBANK | Financial Services | 8 April 2010 |
| Larsen & Toubro
| LT | Construction | 10 December 2004{{efn|Larsen & Toubro was also a constituent of Nifty 50 from 22 April 1996 to 24 May 2004}} |
| Mahindra & Mahindra
| M&M | Automobile and Auto Components | 18 September 1996 |
| Maruti Suzuki
| MARUTI | Automobile and Auto Components | 1 March 2004 |
| Nestlé India
| NESTLEIND | Fast Moving Consumer Goods | 27 September 2019{{efn|Nestlé India was also a constituent of Nifty 50 from 18 September 1996 to 4 August 2003}} |
| NTPC
| NTPC | Power | 24 September 2007 |
| Oil and Natural Gas Corporation
| ONGC | Oil, Gas & Consumable Fuels | 12 April 2004 |
| Power Grid
| POWERGRID | Power | 14 March 2008 |
| Reliance Industries
| RELIANCE | Oil, Gas & Consumable Fuels | 22 April 1996 |
| SBI Life Insurance Company
| SBILIFE | Financial Services | 25 September 2020 |
| Shriram Finance
| SHRIRAMFIN | Financial Services | 28 March 2024 |
| State Bank of India
| SBIN | Financial Services | 22 April 1996 |
| Sun Pharma
| SUNPHARMA | Healthcare | 17 January 2002 |
| Tata Consultancy Services
| TCS | Information Technology | 25 February 2005 |
| Tata Consumer Products
| TATACONSUM | Fast Moving Consumer Goods | 31 March 2021{{efn|Tata Consumer Products was also a constituent of Nifty 50 from 22 April 1996 to 1 September 2006}} |
| Tata Motors
|TATAMOTORS | Automobile and Auto Components | 22 April 1996 |
| Tata Steel
|TATASTEEL | Metals & Mining | 22 April 1996 |
| Tech Mahindra
| TECHM | Information Technology | 28 March 2014 |
| Titan Company
| TITAN | Consumer Durables | 2 April 2018 |
| Trent
| TRENT | Consumer Services | 30 September 2024 |
| UltraTech Cement
| ULTRACEMCO | Construction Materials | 28 September 2012 |
| Wipro
| WIPRO | Information Technology | 27 September 2013{{efn|Wipro was also a constituent of Nifty 50 from 17 January 2002 to 1 April 2013}} |
Index changes
Changes in index constituents since Nifty 50 since 2006:
Statistics
= Record values =
High Value Record
| class="wikitable"
|+ !Record Value !First Touch |
| 1000
|2 December 1999 |
| 2000
|2 December 2004 |
| 3000
|30 January 2006 |
| 4000
|1 December 2006 |
| 5000
|27 September 2007 |
| 10000
|25 July 2017 |
| 15000
|5 February 2021 |
| 20000
|11 September 2023 |
| 25000
|1 August 2024 |
| 26000
|24 September 2024 |
=Major single day falls=
The following table lists some of the notable single-day falls of the NIFTY 50 index.
=Major single day gains=
The following table lists some of the notable single-day gains of the NIFTY 50 index.
= Annual returns =
The following table shows the annual development of the NIFTY 50 since 2000.{{Cite web |title=India: annual nifty 50 returns 2023 |url=https://www.statista.com/statistics/1461792/india-annual-nifty-50-returns/ |access-date=2024-06-09 |website=Statista |language=en}}{{Cite web |date=2020-09-09 |title=Nifty 50 returns - 20 years worth of powerful, downloadable data |url=https://primeinvestor.in/nifty-50-returns/ |access-date=2024-06-09 |language=en-US}} The historical daily returns data can be accessed from the [https://www1.nseindia.com/products/content/equities/indices/historical_index_data.htm NSE website].{{cite web |title=NSE - Historical Index Data |url=https://www1.nseindia.com/products/content/equities/indices/historical_index_data.htm |url-status=live |archive-url=https://web.archive.org/web/20210111231247/https://www1.nseindia.com/products/content/equities/indices/historical_index_data.htm |archive-date=2021-01-11 |access-date= |website=National Stock Exchange of India}}
| class="wikitable sortable" style="text-align:right" | |
| Year
!Closing level !Change in Index !Change in Index | |
|---|---|
| 2000
|1,263.55 |−216.90 | style="color:red"|−14.65 |
| 2001
|1,059.05 |−204.50 | style="color:red"|−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 | style="color:red"|−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 | style="color:red"|−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 |−336.35 | style="color:red" |−4.06 |
| 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 | |
| 2021
|17,354.05 |3,372.30 |24.12 | |
| 2022
|18,105.30 |751.25 |4.33 | |
| 2023
|21,731.40 |3621.10 |20.03 | |
| 2024
|23,644.80 |1913.40 |8.80 |
Derivatives
Trading in futures and options on the NIFTY 50 is offered by the NSE and NSE International Exchange (NSEIX).{{cite web |date=1 April 2013 |title=National Stock Exchange of India Ltd. |url=https://www.nseindia.com/products/content/derivatives/equities/contract_specifitns.htm |url-status=live |archive-url=https://web.archive.org/web/20190816215703/https://www.nseindia.com/products/content/derivatives/equities/contract_specifitns.htm |archive-date=16 August 2019 |access-date=28 June 2020 |website=National Stock Exchange of India}}{{cite web |title=SGX Derivatives Products Nifty Indices Futures and Options Product Information |url=https://www2.sgx.com/derivatives/products/nifty?cc=IN#Product%20Information |url-status=live |archive-url=https://web.archive.org/web/20200805031352/https://www.sgx.com/derivatives/products/nifty?cc=IN#Product%20Information |archive-date=5 August 2020 |access-date=16 August 2019 |website=Singapore Exchange Ltd.}} NSE offers weekly as well as monthly expiry options..{{Cite web |date=April 2022 |title=WFE Derivatives Report 2021 |url=https://www.world-exchanges.org/storage/app/media/2021%20Annual%20Derivatives%20Report.pdf |url-status=unfit |archive-url=https://web.archive.org/web/20231004115815/https://www.world-exchanges.org/storage/app/media/2021%20Annual%20Derivatives%20Report.pdf |archive-date=2023-10-04 |website=World Federation of Exchanges}}
NSE allows international traders to trade on the NIFTY 50 by GIFT NIFTY. The same index had previously operated under the name SGX Nifty, and was traded on the Singapore Exchange. It was rebranded to GIFT Nifty on 3 July 2023 and trading was moved to the NSE International Exchange (NSEIX) situated in GIFT City, Gandhinagar.{{Cite web |last=Bhadoria |first=Sharmila |date=2023-07-02 |title=Explained: SGX Nifty to become GIFT Nifty from tomorrow; what it means for India |url=https://www.livemint.com/market/stock-market-news/explained-sgx-nifty-to-become-gift-nifty-from-tomorrow-what-does-it-mean-india-gift-city-gandhinagar-gujarat-nse-ix-11688272033035.html |url-status=live |archive-url=https://web.archive.org/web/20230702054802/http://www.livemint.com/market/stock-market-news/explained-sgx-nifty-to-become-gift-nifty-from-tomorrow-what-does-it-mean-india-gift-city-gandhinagar-gujarat-nse-ix-11688272033035.html |archive-date=2023-07-02 |access-date=2024-04-12 |website=The Mint |language=en}}{{Cite news |last=Sharma |first=Ajaya |date=2023-05-17 |title=Shift of SGX Nifty to NSE-IFSC exchange to be a watershed moment in history of India: V Balasubramaniam |url=https://economictimes.indiatimes.com/markets/expert-view/shift-of-sgx-nifty-to-nse-ifsc-exchange-to-be-a-watershed-moment-in-history-of-india-v-balasubramaniam/articleshow/100300165.cms |url-status=live |archive-url=https://web.archive.org/web/20230721235140/https://economictimes.indiatimes.com/markets/expert-view/shift-of-sgx-nifty-to-nse-ifsc-exchange-to-be-a-watershed-moment-in-history-of-india-v-balasubramaniam/articleshow/100300165.cms |archive-date=2023-07-21 |access-date=2024-04-12 |work=The Economic Times |issn=0013-0389}} The CEO of NSEIX called it a watershed moment since it was the first time India got back an international contract which had previously been exported.
NIFTY Next 50
{{main|NIFTY Next 50}}
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.{{Cite web |date=2024-03-28 |title=Nifty Next 50 Factsheet - NSE Indices |url=https://www.niftyindices.com/Factsheet/ind_next50.pdf |url-status=live |archive-url=https://web.archive.org/web/20240412173338/https://www.niftyindices.com/Factsheet/ind_next50.pdf |archive-date=2024-04-12 |access-date=2024-04-13 |website=NSE Indices}}
See also
Notes
{{Notelist}}
References
{{reflist}}
External links
- [https://www.bloomberg.com/apps/quote?ticker=NIFTY:IND Bloomberg page for NIFTY:IND]
- [https://www.nseindia.com/products/content/equities/indices/nifty_50.htm NSE official site]
{{Stock Market Indices}}
{{Nifty 200 companies}}
{{India topics}}
{{DEFAULTSORT:NIFTY 50}}
Category:Indian stock market indices