NIFTY 50

NIFTY 50
Performance of the NIFTY 50 index between 1990 and 2024
Foundation22 April 1996 (22 April 1996)
OperatorNSE Indices
ExchangesNational Stock Exchange of India
Trading symbol^NSEI
Constituents50
TypeLarge cap
Weighting methodFree-float capitalization-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, 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.[1]

The NIFTY 50 index ecosystem consists of index funds (both onshore and offshore mutual funds and ETFs), and futures and options at NSE and NSE International Exchange (through GIFT Nifty).[5][6] In 2016, NIFTY 50 was reported by the WFE and FIA as the world's most actively traded index options contract, but it was later overtaken by Nifty Bank.[7][8][9]

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 July 2024, NIFTY 50 gives a weightage of 32.76% to financial services including banking, 13.76% to information technology, 12.12% to oil and gas, 8.46% to consumer goods, and 8.22% 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". National Stock Exchange of India. Archived from the original on 21 April 2019. Retrieved 4 March 2023.
  3. ^ "Corporate structure". National Stock Exchange of India. Archived from the original on 25 July 2020. Retrieved 25 June 2020.
  4. ^ "About NSE Indices". National Stock Exchange of India. Archived from the original on 13 January 2020. Retrieved 8 July 2024.
  5. ^ "NSE Equity Derivatives Contract Specifications". National Stock Exchange of India. Archived from the original on 16 August 2019. 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. ^ Sudhin, Serah (September 2017). "The Journey of Nifty-Fifty" (PDF). International Journal of Academic Research and Development. 2 (5): 4. ISSN 2455-4197. Archived from the original (PDF) on 7 January 2021. Retrieved 6 January 2021.
  8. ^ "Nifty Options most actively traded globally for index options in 2015". Business Today. 13 May 2016. Retrieved 13 August 2024.
  9. ^ Raj, Shubham (19 January 2022). "NSE largest derivatives exchange for 3rd year, Nifty Bank most traded index option". The Economic Times. Retrieved 13 August 2024.

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