What is Nifty 50?
Nifty 50 is a level index of the Indian stock market. It signifies the prejudiced average of the highest 50 large-cap, most liquid stocks recorded on the National Stock Exchange products. As known as Nifty, the index is used for standard fund portfolios, index funds, and index-based byproducts. The itemized stocks in the index stretch across thirteen financial zones, like economic services, healthcare, creation, and many more.
While the index has only 50 of the 2,113 corporations recorded on the NSE, it captures sixty-six percent of its float-adjusted market capitalization. Consequently, the Nifty 50 is observed as a correct replication of the Indian stock market agency. Nifty also has numerous sub-indices founded on dissimilar strength programs, sectors, or sections. Nifty IT, Nifty Next 50, Nifty Bank, and Nifty small-cap are approximately of the Nifty directories.
Features of the Nifty 50 Index:
- Nifty is possessed and accomplished by India Index Services and Products (IISL) services.
- The sordid year is 1995, and the sordid value is 1,000.
- Nifty is a configuration of 50 large-cap stocks vigorously trading on the NSE.
- The corporations in Nifty 50 are designated based on the free-float market capitalization.
- Nifty 50 corporations have their place in diverse sectors.
Weightage of Nifty 50:
|Financial Services||37.72 %|
|Information Technology||14.11 %|
|Oil, consumable Fuels, and Gas||12.14 %|
|Fast Moving Goods of Consumer||9.58 %|
|Auto Components and automobile||5.28 %|
|Healthcare sector||3.79 %|
|Construction sector||3.43 %|
|Mining and Metal Sector||3.36 %|
|Durables Of Consumer||3.01 %|
|Telecommunication Centre||2.41 %|
|Power Sector||2.1 %|
|Materials of Construction||1.94 %|
Nifty 50 is a free-float market capitalization directory. The segment weightage in the index retains varying based on the presentation of essential stocks. Some Nifty 50 company/sector List 2023 and their detail is described below carefully.
Nifty 50 Stocks List 2023:
|Name||Sub-Sector||Market Cap (Rs. In cr.)||Close Price(Rs.)|
|Adani Enterprise Limited||Commodities trading Sector||2,14,177.71 cr.||1,878.75 Rs.|
|Adani Ports & Special Economic Zone Limited||Ports Sector||1,43,584.44 cr.||664.70 Rs.|
|Apollo Hospital of Enterprise||Hospital and also Diagnostic Centers||63,074.02 cr.||4,386.70 Rs.|
|Asian paints limited||Paints Sector||2,72,607.84 cr.||2,843.10 Rs.|
|Axis Bank Limited||Private Bank sector||2,66,036.93 cr.||864.55 Rs.|
|Bajaj Auto Limited||Two Wheelers||1,20,379.96 cr.||4,254.35 Rs.|
|Bajaj Finance Limited||Consumer Finance Sector||3,60,259.17 cr.||5,961.45 Rs.|
|Bajaj Finsery Limited||Insurance Company||2,13,314.38 cr.||1,342.15 Rs.|
|Bharat Petroleum Corporation Limited||Oil &Gas, Refining and Marketing||72,592.30 cr.||335.70 Rs.|
|Bharti Airtel Limited||Telecom Services Company||4,38,093.45 cr.||759,65 Rs.|
|Britannia Industries Limited||FMGG, Foods Sectors||1,04,503.12 cr.||4,338.60 Rs.|
|Cipla limited||Pharmaceuticals sector||73,164.17 cr.||906.45 Rs.|
|Coal India Limited||Mining, Coal||1,41,496.24 cr.||229.60 Rs.|
|Grasim Industries Limited||Cement sector||1,13,172.33 cr.||1,723.65 Rs.|
|HCL Technologies Limited||IT Services and Consulting Company||2,82,159.51 cr.||1,042.20 Rs.|
|HDFC Bank Limited||Private Banks||9,29,946.33 cr.||1,666.65 Rs.|
|Hero MotoCorp Limited||Two Wheeler||49,279.48 cr.||2,465.95 Rs.|
|Hindalco Industries Limited||Metals, Aluminum||95,939.65 cr.||428.70 Rs.|