NIFTY 50

NIFTY 50
Performance of the NIFTY 50 index between 1990 and 2021
Foundation22 April 1996 (22 April 1996)
OperatorNSE Indices
ExchangesNational Stock Exchange of India
Trading symbol^NSEI
Constituents50
TypeLarge cap
Weighting methodCapitalisation-weighted
Related indicesNIFTY Next 50
NIFTY 500
Websitewww.niftyindices.com/indices/equity/broad-based-indices/NIFTY-Next-50/NIFTY-50

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][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, and is one of the many stock indices of Nifty.[1]

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), and futures and options at NSE and NSE International Exchange (through GIFT Nifty, operated by NSEIX at GIFT City).[5][6] NIFTY 50 is the world's most actively traded contract. WFE, IOM and FIA surveys have endorsed NSE's leadership position.[7][8] Between 2008 and 2012, the NIFTY 50 index's share of NSE market fell from 65% to 29%[9] due to the rise of sectoral indices like NIFTY Bank, NIFTY IT, NIFTY Pharma, and NIFTY Next 50.

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 March 2024, NIFTY 50 gives a weightage of 33.53% to financial services including banking, 13.04% to information technology, 12.87% to oil and gas, 8.15% to consumer goods, and 7.57% to automotive.[1]

  1. ^ a b c "NSE Indices" (PDF). National Stock Exchange of India. Archived (PDF) from the original on 12 April 2024. Retrieved 13 April 2024.
  2. ^ "Broadmarket indices – NIFTY 50 Index". nseindia.com. NSE - National stock exchange (official website). Retrieved 4 March 2023.
  3. ^ "Corporate structure". Nseindia.com.
  4. ^ "About NSE Indices". Nseindia.com.
  5. ^ "NSE Equity Derivatives Contract Specifications". National Stock Exchange of India. Retrieved 16 August 2019.
  6. ^ Taparia, Vidhi (10 July 2023). "What is 'GIFT Nifty' — the new avatar of the India-Singapore joint stock exchange, now in Gujarat". ThePrint. Archived from the original on 4 September 2023. Retrieved 12 April 2024.
  7. ^ Serah Sudhin (September 2017). "The Journey of Nifty-Fifty" (PDF). International Journal of Academic Research and Development. 2 (5): 4. Retrieved 6 January 2021.
  8. ^ "NSE – PR" (PDF). Nseindia.com. Archived from the original (PDF) on 10 October 2018.
  9. ^ "NIFTY 50 loses importance to sectoral indices" (PDF).

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