Nifty 50 News
- Weekly Nifty options are proving to be useful choice in these times20-07-2019 06:22Another important advantage of weekly options is the utilisation of hedging strategies.
- Sensex tanks 560 pts, Nifty ends at 11,419; bank, auto stocks bleed19-07-2019 11:31Extending losses for the second consecutive session, market benchmark BSE Sensex plunged 560 points Friday after the government thwarted hopes of a tax relief for FPIs. Led by a sell-off in auto and banking stocks, the 30-share index cracked 560.45 points or 1.44 per cent to settle at 38,337.01. It hit an intra-day low of 38,271.35 and a high of 39,058.73, swinging 787 points. Similarly, the broader NSE Nifty sank 177.65 points or 1.53 per cent to 11,419.25. During the day, the index hit a low of 11,399.30 and a high of 11,640.35.Sensex tanks 560 pts, Nifty ends at 11,419; bank, auto stocks bleed
- Tech View: Nifty chart signals a meek surrender by the bulls19-07-2019 10:51Traders may make use of pullback attempts to create fresh shorts, Mazhar said.
- F&O: VIX jumps 6.51%, options show Nifty range shifting lower19-07-2019 10:44On the options front, maximum Put open interest was at 11,300 followed by 11,400.
- Sensex logs 2nd biggest fall of 2019, Nifty at 11,41919-07-2019 10:37Disappointing earnings and reports of slowing economic growth dented market sentiments.
- Share market update: Nifty Financial Services index dips; Bajaj Finance slips 5%19-07-2019 06:56The Nifty Financial Services index was trading 1.51 per cent down at 13,296.40 around 12:29 pm.
- Share market update: Nifty Pharma index down; Cipla dips over 1%19-07-2019 04:39The Nifty Pharma index was trading 1.06 per cent down at 8135.75 around 10:13 am.
- Sensex drops 200 points, Nifty tests 11,550 ahead of RIL Q1 numbers19-07-2019 04:29FPIs were sellers of domestic stocks to the tune of Rs 1,405 crore on Thursday.
- Sensex climbs 130 points, Nifty tops 11,600; RIL flat ahead of Q1 results19-07-2019 04:03Sensex jumps 130 pts, Nifty tops 11,600; ACC rallies 5%, RIL flat ahead of Q1 results.Sensex climbs 130 points, Nifty tops 11,600; RIL flat ahead of Q1 results
- Trade setup: Outlook may turn bearish if Nifty gives up 11,56018-07-2019 15:27Friday’s session is expected to see 11,700 and 11,735 levels act as resistance points.
Nifty 50 Performance
The Nifty is the flagship benchmark of the National Stock Exchange (NSE), which is a well-diversified index, comprising top 50 companies in terms of free-float market capitalisation that are traded on the bourse. It is supposed to reflect the health of the listed universe of Indian companies, and hence the broader economy, in all market conditions.
Officially called the Nifty50, the index is computed using the free float market capitalisation method, which is essentially the count of shares in active circulation in the market at any given point of time.
The Nifty, just like BSE benchmark Sensex, is today used for benchmarking portfolios and returns of mutual fund schemes and launching index funds.
The Nifty index was launched on April 22, 1996, with a base value of 1,000 counted from November 3, 1995. Live Nifty quotes are available on NSEIndia.com, ETMarkets.com and numerous other web platforms and TV channels at any point of time.
The Nifty brand and indices are managed by the Mumbai-based India Index Services and Products Limited, IISL in short, which itself is a subsidiary of NSE. IISL has a three-tier governance structure comprising the board of directors, the index policy committee and the index maintenance sub-committee. IISL managed some 67 indices under the Nifty brand as of September 30, 2016.
IISL rebalances the Nifty index semi-annually. The cut-off dates for the semi-annual review of the index are January 31 and July 31 each year. Average data for the six months ending the cut-off date is considered. The exchange notifies any change in the index four weeks before such changes take effect.
There are defined eligibility criteria for selection of Nifty constituent stocks. The liquidity of a stock is measured by the market impact cost, which is essentially the cost involved in transacting a stock. For a stock to qualify for inclusion in the Nifty50, it must have traded at an average impact cost of 0.50 per cent or less for six months and for 90 per cent of observation cases.
Besides, the company must have a listing history of at least six months. However, a newly-listed company, which has just got listed through the IPO route, may become eligible for inclusion in the index, if it fulfils the normal eligibility criteria for a three- month period instead of six months.
Only those stocks which are eligible for trade in the F&O segment of NSE are considered for inclusion as Nifty constituents.
As of September 20, 2017, the Nifty had 35.73 per cent components from the financial services sector, 14 per cent from the energy sector, 11.46 per cent from the information technology sector, 10.64 per cent from the automobile sector and 10.13 per cent from the consumer goods sector. Six of the nine BFSI companies in the Nifty50 were private banks.
The Nifty index also has several variants such as Nifty Junior, Nifty50 USD, Nifty50 Total Returns index and NIFTY50 Dividend Points Index.