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Nifty - What is Nifty and How It is Calculated

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Nifty - What is Nifty and How It is Calculated

May 10, 2023

5 Minutes

Decoding NIFTY: A Comprehensive Guide to India's Benchmark Stock Index

NIFTY, an amalgamation of "National Stock Exchange" and "Fifty," was introduced by the National Stock Exchange (NSE) on April 21, 1996. Serving as a benchmark index and the flagship of NSE, NIFTY 50 comprises the top 50 equity stocks traded out of a total of 1600. This index spans 12 sectors of the Indian economy, including information technology, financial services, consumer goods, entertainment and media, metals, pharmaceuticals, telecommunications, cement, automobiles, pesticides and fertilizers, energy, and other services.

Key Highlights of NIFTY 50:

NIFTY 50 mirrors the trends of blue-chip companies, representing the most liquid and substantial securities in India.
It is part of the Futures and Options (F&O) segment of NSE, dealing in derivatives.
Indices under NIFTY include NIFTY 50, NIFTY IT, NIFTY Bank, and NIFTY Next 50.

Eligibility Criteria for NIFTY Index Listing:

For a company to be listed on the NIFTY Index, it must:

Be a domicile of India and registered with the National Stock Exchange.
Possess high liquidity, measured by an average impact cost of 0.50% or lower for six months on a Rs. 10 Crore portfolio.
Have a trading frequency of 100% in the previous six months.
Maintain an average free-floating market capitalization 1.5 times higher than the smallest constituent in the index.
Allow shares with Differential Voting Rights (DVR) to be eligible.

Index Reconstitution:

NIFTY Index undergoes reconstitution every six months based on a stock's performance during this period. Any additions or eliminations are communicated to the concerned companies four weeks before the reconstitution.

Management and Methodology:

NIFTY 50 is managed by professionals at NSE Indices Limited.
Indices are computed using a float-adjusted and market capitalization-weighted method.
The calculation considers changes in corporate actions, ensuring accuracy and relevance.

Conclusion: The NIFTY Benchmark Standard

NIFTY, along with Sensex, serves as a benchmark for Mutual Funds, providing a comprehensive standard for the Indian financial market. As a dynamic index, NIFTY's history reflects market fluctuations influenced by global and domestic events. Investors and stakeholders use NIFTY as a gauge for market performance, making it a cornerstone in India's financial landscape.

Decoding NIFTY: A Comprehensive Guide to India's Benchmark Stock Index

Key Highlights of NIFTY 50:

NIFTY 50 mirrors the trends of blue-chip companies, representing the most liquid and substantial securities in India.
It is part of the Futures and Options (F&O) segment of NSE, dealing in derivatives.
Indices under NIFTY include NIFTY 50, NIFTY IT, NIFTY Bank, and NIFTY Next 50.

Eligibility Criteria for NIFTY Index Listing:

For a company to be listed on the NIFTY Index, it must:

Be a domicile of India and registered with the National Stock Exchange.
Possess high liquidity, measured by an average impact cost of 0.50% or lower for six months on a Rs. 10 Crore portfolio.
Have a trading frequency of 100% in the previous six months.
Maintain an average free-floating market capitalization 1.5 times higher than the smallest constituent in the index.
Allow shares with Differential Voting Rights (DVR) to be eligible.

Index Reconstitution:

Management and Methodology:

NIFTY 50 is managed by professionals at NSE Indices Limited.
Indices are computed using a float-adjusted and market capitalization-weighted method.
The calculation considers changes in corporate actions, ensuring accuracy and relevance.