One of the two primary stock indices used in India, along with the BSE SENSEX, is the NIFTY 50 companies, which measures the weighted average of 50 of the largest Indian firms listed on the National Stock Exchange. NSE Indices, a fully owned subsidiary of the NSE Strategic Investment Corporation Limited, which was formerly known as India Index Services & Products Limited, is the owner and manager of the Nifty 50. Up until 2013, NSE Indices and Standard & Poor’s had a marketing and licencing agreement for co-branding equity indices. One of the several stock indices of Nifty, the Nifty 50 index was introduced on April 22, 1996.
With an ecosystem made up of exchange-traded funds (onshore and offshore), exchange-traded options at NSE, exchange-traded futures and options overseas at the SGX, and exchange-traded options, NIFTY 50 companies have developed into the largest single financial product in India. NIFTY 50 is also the most actively traded contract in the entire world. WFE, IOM, and FIA polls support NSE’s standing as a leader.
The Indian economy’s 13 sectors are covered by the NIFTY 50 companies index, which gives investment managers access to the Indian market through a single portfolio (as of 30 April 2021). The growth of sectoral indices including NIFTY Bank, NIFTY IT, NIFTY Pharma, NIFTY SERV SECTOR, NIFTY Next 50, etc. between 2008 and 2012 caused the NIFTY 50 index’s market capitalization share of the NSE to decline from 65% to 29%.
NIFTY 50 COMPANY | INDUSTRY | MARKET CAP | FREE FLOAT ADJ. FACTOR | EARNINGS (INR m) |
ADANI PORTS & SEZ | MISCELLANEOUS | 1,753,199 | 0.4 | 40,804 |
ASIAN PAINTS | PAINTS | 3,051,544 | 0.5 | 27,904 |
AXIS BANK | BANKING | 2,657,658 | 0.9 | 25,237 |
BAJAJ FINANCE | FINANCE | 4,345,860 | 0.4 | 40,213 |
BAJAJ FINSERV | FINANCE | 286,559 | 0.4 | 61,618 |
BHARTI AIRTEL | TELECOM | 4,453,917 | 0.4 | -286,573 |
BPCL | ENERGY | 653,704 | 0.5 | 57,405 |
BRITANNIA | FOOD BEVERAGES | 916,311 | 0.5 | 18,625 |
CIPLA | PHARMA | 924,278 | 0.6 | 30,743 |
COAL INDIA | MINING | 1,516,339 | 0.3 | 127,393 |
DIVIS LABORATORIES | PHARMA | 994,525 | 0.5 | 16,016 |
DR. REDDYS LAB | PHARMA | 752,516 | 0.7 | 21,347 |
EICHER MOTOR | AUTO | 1,002,005 | 0.5 | 11,769 |
GRASIM | TEXTILES | 1,161,349 | 0.6 | 61,033 |
HCL TECHNOLOGIES | SOFTWARE | 2,836,730 | 0.4 | 132,300 |
HDFC | FIN. INSTITUTIONS | 4,476,457 | 1.0 | 110,799 |
HDFC BANK | BANKING | 8,245,789 | 0.7 | 298,577 |
HDFC LIFE INSURANCE | INSURANCE | 1,089,632 | 0.4 | 13,534 |
HERO MOTOCORP | AUTO | 517,178 | 0.7 | 27,200 |
HINDALCO | ALUMINIUM | 967,266 | 0.7 | 8,250 |
HUL | FMCG | 5,921,704 | 0.4 | 73,300 |
ICICI BANK | BANKING | 6,249,914 | 1.0 | 130,115 |
INDUSIND BANK | BANKING | 872,715 | 0.9 | 22,622 |
INFOSYS | SOFTWARE | 6,449,016 | 0.9 | 186,800 |
IOC | OIL & GAS | 644,870 | 0.5 | 28,866 |
ITC | FMCG | 4,351,089 | 1.0 | 130,352 |
JSW STEEL | STEEL | 1,696,284 | 0.6 | 39,100 |
KOTAK MAHINDRA BANK | BANKING | 3,762,811 | 0.7 | 93,014 |
L&T | ENGINEERING | 2,829,718 | 1.0 | 42,918 |
M&M | AUTO | 1,663,765 | 0.8 | -22,822 |
MARUTI SUZUKI | AUTO | 2,788,048 | 0.4 | 43,553 |
NESTLE | FOOD BEVERAGES | 1,969,320 | 0.4 | 20,824 |
NTPC | POWER | 1,715,825 | 0.5 | 63,979 |
ONGC | ENERGY | 1,734,191 | 0.4 | 16,537 |
POWER GRID | POWER | 1,183,124 | 0.5 | 98,617 |
RELIANCE IND. | ENERGY | 17,532,351 | 0.5 | 448,170 |
SBI | BANKING | 5,300,773 | 0.4 | 303,429 |
SBI LIFE INSURANCE | INSURANCE | 1,265,651 | 0.4 | 14,412 |
SUN PHARMA | PHARMA | 2,495,068 | 0.5 | 19,311 |
TATA CONSUMER | FOOD BEVERAGES | 704,342 | 0.7 | 6,226 |
TATA MOTORS | AUTO | 1,313,895 | 0.5 | -151,766 |
TATA STEEL | STEEL | 126,132 | 0.7 | -4,906 |
TCS | SOFTWARE | 12,072,923 | 0.3 | 313,730 |
TECH MAHINDRA | SOFTWARE | 1,019,325 | 0.6 | 40,336 |
TITAN | CONSUMER DURABLES | 2,458,901 | 0.5 | 7,542 |
ULTRATECH CEMENT | CEMENT | 1,989,589 | 0.4 | 65,206 |
UPL | CHEMICALS | 564,515 | 0.7 | 29,130 |
WIPRO | SOFTWARE | 2,232,125 | 0.3 | 102,250 |
TOTAL | 135,510,800 | 3,005,039 |
We hope you liked reading the list of NIFTY 50 Companies. Make sure you check out our other articles for more such detailed blogs.