Nifty 50 News
- Nifty looks exhausted; volumes and velocity get muted ahead of Budget18-01-2020 05:43High inflation acts as a deterrent and, therefore, needs to be addressed.
- F&O: Nifty looks indecisive, but no noticeable weakness in prices17-01-2020 11:50India VIX fell marginally by 0.37 per cent to 14.12 level.
- Tech View: Nifty forms small bullish candle; momentum fading in market17-01-2020 11:45Nifty is hovering around its strong hurdle of Rising Trendline on the weekly chart.
- Sensex ends higher for 2nd day in listless trade; Nifty holds above 12,35017-01-2020 11:15Investors will be keenly eyeing the third-quarter earnings of the companies, and the forthcoming Union Budget for further cues.
- Sensex gains 13 pts; Nifty above 12,350; Airtel jumps 5%, RIL 3%17-01-2020 10:19CLOSING BELL: Sensex rises for second day, gains 13 pts in listless trade; Nifty above 12,350; Airtel jumps 5%, RIL 3%Sensex gains 13 pts; Nifty above 12,350; Airtel jumps 5%, RIL 3%
- Share market update: Nifty Energy index up; RIL rises 3%17-01-2020 08:52The Nifty Energy index was trading 0.58 per cent up at 16,066.5.
- Share market update: Nifty Financial Services index down; PFC falls 1%17-01-2020 06:19The Nifty Financial Services index was trading 0.49 per cent down at 14583.75.
- Sensex, Nifty off to choppy start; Bharti Airtel jumps 4%, Voda Idea plunges over 15%17-01-2020 04:54Market benchmarks Sensex and Nifty started on a tepid note on Friday ahead of quarterly results of index heavyweights Reliance Industries, TCS and HCL Tech. The 30-share BSE index was trading 3.68 points or 0.01 per cent lower at 41,928.88. Similarly, the broader NSE Nifty slipped 1.85 points or 0.01 per cent to 12,353.65. Bharti Airtel was the top gainer in the Sensex pack, rallying up to 4 per cent.Sensex, Nifty off to choppy start; Bharti Airtel jumps 4%, Voda Idea plunges over 15%
- Sensex, Nifty flat ahead of key Q3 results; Vodafone Idea plunges 33%17-01-2020 04:18Telecom indices were mixed after the SC dismissed their review petition on AGR issue.
- Trade setup: Nifty may continue to consolidate; stay stock specific16-01-2020 16:04RSI on the daily chart was 61.03 and stayed neutral, showing no divergence against the price.
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.