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Nifty 50 stocks with index weightage and market capitalization is tabulated for June 2020. These 50 out of the 1600 companies traded on the NSErepresenting 65% its float-adjusted market capitalization. The index started trading in April 1996.
To be included in the Nifty, a stock must have an impact cost of less than 0.5% during the last six months for 90% of the observations for a portfolio of Rs. 10 crores. This means that large quantities of stocks can be bought or sold without too much disparity between buying and asking price. This is a good way to measure market liquidity.
Thus the 50 stocks of Nifty represent the most liquid stocks on the NSE weights as per their free-float market capitalization. The base date is November 3, 1995 (1st anniversary of the NSE) and the base value is 1000 with a base capital of Rs 2.06 trillion.
NIfty 50 Calculation
From 26th 2009, the index was created using float-adjusted market capitalization-weighted method. This is computed by multiplying the market capitalization with an investible weight factor (IWF). The IWF is measure of shares that are freely available for trading.
IWF = [Total Shares– (A+B +C +D +E +F)] /Total Shares
where:
- A= Shareholding of promoter and promoter group
- B= Government holding in the capacity of a strategic investor
- C= Shares held by promoters through ADR/GDRs.
- D= Equity held by associate/group companies (cross-holdings)
- E= Employee Welfare Trusts
- F= Shares under lock-in category
Market Capitalization = Shares outstanding X Price
Free Float Market Capitalization = Market Capitalization X IWF
The level of the Index reflects the total market value of all the stocks in the Index relative to the base period November 3, 1995
Index Value = (Current Market Value / Base Market Capital )* Base Index Value
Here: Base Market Capital: Rs 2.06 trillion and Base Index Value: 1000
Stocks with the highest free-float market cap have the highest weight in the index.
Index Level= SUM of (Price ×Free Float Market Capitalization)/Divisor
The SUM is carried out over all the 50 stocks. The divisor is proprietary to the NSE tacking corporate actions into account and changes each time a stock is replaced.
Nifty Sector weights (%) June 2020
- Financial services 34.38
- Oil & gas 14.76
- It 14.17
- Consumer goods 13.46
- Automobile 5.52
- Telecom 3.53
- Pharma 3.03
- Construction 2.66
- Metals 2.58
- Cement & cement products 2.31
- Power 2.10
- Services 0.60
- Fertilisers & pesticides 0.54
- Media & Entertainment 0.36
Nifty 50 stocks with weights for June 2020
Security Name | Industry | Market capitalization. Rs. (Crores) | Weightage (%) |
Adani Ports and Special Economic Zone Ltd. | SERVICES | 25853 | 0.60 |
Asian Paints Ltd. | CONSUMER GOODS | 76074 | 1.75 |
Axis Bank Ltd. | FINANCIAL SERVICES | 91804 | 2.12 |
Bajaj Auto Ltd. | AUTOMOBILE | 36799 | 0.85 |
Bajaj Finance Ltd. | FINANCIAL SERVICES | 74949 | 1.73 |
Bajaj Finserv Ltd. | FINANCIAL SERVICES | 35347 | 0.81 |
Bharat Petroleum Corporation Ltd. | OIL & GAS | 30018 | 0.69 |
Bharti Airtel Ltd. | TELECOM | 134389 | 3.10 |
Bharti Infratel Ltd. | TELECOM | 18846 | 0.43 |
Britannia Industries Ltd. | CONSUMER GOODS | 42463 | 0.98 |
Cipla Ltd. | PHARMA | 32522 | 0.75 |
Coal India Ltd. | METALS | 27836 | 0.64 |
Dr. Reddy’s Laboratories Ltd. | PHARMA | 47854 | 1.10 |
Eicher Motors Ltd. | AUTOMOBILE | 25531 | 0.59 |
GAIL (India) Ltd. | OIL & GAS | 18889 | 0.44 |
Grasim Industries Ltd. | CEMENT & CEMENT PRODUCTS | 24458 | 0.56 |
HCL Technologies Ltd. | IT | 60444 | 1.39 |
HDFC Bank Ltd. | FINANCIAL SERVICES | 461960 | 10.65 |
Hero MotoCorp Ltd. | AUTOMOBILE | 33067 | 0.76 |
Hindalco Industries Ltd. | METALS | 21346 | 0.49 |
Hindustan Unilever Ltd. | CONSUMER GOODS | 194637 | 4.49 |
Housing Development Finance Corporation Ltd. | FINANCIAL SERVICES | 303488 | 6.99 |
ICICI Bank Ltd. | FINANCIAL SERVICES | 227586 | 5.25 |
ITC Ltd. | CONSUMER GOODS | 169880 | 3.92 |
Indian Oil Corporation Ltd. | OIL & GAS | 21694 | 0.50 |
IndusInd Bank Ltd. | FINANCIAL SERVICES | 28649 | 0.66 |
Infosys Ltd. | IT | 269566 | 6.21 |
JSW Steel Ltd. | METALS | 19223 | 0.44 |
Kotak Mahindra Bank Ltd. | FINANCIAL SERVICES | 199213 | 4.59 |
Larsen & Toubro Ltd. | CONSTRUCTION | 115264 | 2.66 |
Mahindra & Mahindra Ltd. | AUTOMOBILE | 48887 | 1.13 |
Maruti Suzuki India Ltd. | AUTOMOBILE | 77600 | 1.79 |
NTPC Ltd. | POWER | 46447 | 1.07 |
Nestle India Ltd. | CONSUMER GOODS | 61268 | 1.41 |
Oil & Natural Gas Corporation Ltd. | OIL & GAS | 29679 | 0.68 |
Power Grid Corporation of India Ltd. | POWER | 44822 | 1.03 |
Reliance Industries Ltd. | OIL & GAS | 540149 | 12.45 |
Shree Cement Ltd. | CEMENT & CEMENT PRODUCTS | 30773 | 0.71 |
State Bank of India | FINANCIAL SERVICES | 68482 | 1.58 |
Sun Pharmaceutical Industries Ltd. | PHARMA | 51064 | 1.18 |
Tata Consultancy Services Ltd. | IT | 218765 | 5.04 |
Tata Motors Ltd. | AUTOMOBILE | 17603 | 0.41 |
Tata Steel Ltd. | METALS | 24290 | 0.56 |
Tech Mahindra Ltd. | IT | 33598 | 0.77 |
Titan Company Ltd. | CONSUMER GOODS | 39633 | 0.91 |
UPL Ltd. | FERTILISERS & PESTICIDES | 23391 | 0.54 |
UltraTech Cement Ltd. | CEMENT & CEMENT PRODUCTS | 44951 | 1.04 |
Vedanta Ltd. | METALS | 19380 | 0.45 |
Wipro Ltd. | IT | 32635 | 0.75 |
Zee Entertainment Enterprises Ltd. | MEDIA & ENTERTAINMENT | 15613 | 0.36 |
Source: NSE monthly reports
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