What is Nifty? Nifty Meaning Explained for Beginners.

What is Nifty? Nifty Meaning Explained– The NIFTY 50 index is National Stock Exchange of India’s benchmark stock market index for Indian equity market. Nifty is owned and managed by India Index Services and Products (IISL).

  • The base year is taken as 1995 and the base value is set to 1000.
  • Nifty is calculated on 50 stocks actively traded in the NSE
  • 50 top stocks are selected from 24 sectors.

Nifty Meaning: Just as the Sensex which was introduced by the Bombay stock exchange(BSE), Nifty is a major stock index in India introduced by the National stock exchange(NSE).

Also Read: What is Sensex?

NIFTY 50 Index is computed using free float market capitalization method. NIFTY 50 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.

S. No Company Name Industry Symbol
1 ACC Ltd. CEMENT & CEMENT PRODUCTS ACC
2 Adani Ports and Special Economic Zone Ltd. SERVICES ADANIPORTS
3 Ambuja Cements Ltd. CEMENT & CEMENT PRODUCTS AMBUJACEM
4 Asian Paints Ltd. CONSUMER GOODS ASIANPAINT
5 Aurobindo Pharma Ltd. PHARMA AUROPHARMA
6 Axis Bank Ltd. FINANCIAL SERVICES AXISBANK
7 Bajaj Auto Ltd. AUTOMOBILE BAJAJ-AUTO
8 Bank of Baroda FINANCIAL SERVICES BANKBARODA
9 Bharat Heavy Electricals Ltd. INDUSTRIAL MANUFACTURING BHEL
10 Bharat Petroleum Corporation Ltd. ENERGY BPCL
11 Bharti Airtel Ltd. TELECOM BHARTIARTL
12 Bharti Infratel Ltd. TELECOM INFRATEL
13 Bosch Ltd. AUTOMOBILE BOSCHLTD
14 Cipla Ltd. PHARMA CIPLA
15 Coal India Ltd. METALS COALINDIA
16 Dr. Reddy’s Laboratories Ltd. PHARMA DRREDDY
17 Eicher Motors Ltd. AUTOMOBILE EICHERMOT
18 GAIL (India) Ltd. ENERGY GAIL
19 Grasim Industries Ltd. CEMENT & CEMENT PRODUCTS GRASIM
20 HCL Technologies Ltd. IT HCLTECH
21 HDFC Bank Ltd. FINANCIAL SERVICES HDFCBANK
22 Hero MotoCorp Ltd. AUTOMOBILE HEROMOTOCO
23 Hindalco Industries Ltd. METALS HINDALCO
24 Hindustan Unilever Ltd. CONSUMER GOODS HINDUNILVR
25 Housing Development Finance Corporation Ltd. FINANCIAL SERVICES HDFC
26 I T C Ltd. CONSUMER GOODS ITC
27 ICICI Bank Ltd. FINANCIAL SERVICES ICICIBANK
28 Idea Cellular Ltd. TELECOM IDEA
29 IndusInd Bank Ltd. FINANCIAL SERVICES INDUSINDBK
30 Infosys Ltd. IT INFY
31 Kotak Mahindra Bank Ltd. FINANCIAL SERVICES KOTAKBANK
32 Larsen & Toubro Ltd. CONSTRUCTION LT
33 Lupin Ltd. PHARMA LUPIN
34 Mahindra & Mahindra Ltd. AUTOMOBILE M&M
35 Maruti Suzuki India Ltd. AUTOMOBILE MARUTI
36 NTPC Ltd. ENERGY NTPC
37 Oil & Natural Gas Corporation Ltd. ENERGY ONGC
38 Power Grid Corporation of India Ltd. ENERGY POWERGRID
39 Reliance Industries Ltd. ENERGY RELIANCE
40 State Bank of India FINANCIAL SERVICES SBIN
41 Sun Pharmaceutical Industries Ltd. PHARMA SUNPHARMA
42 Tata Consultancy Services Ltd. IT TCS
43 Tata Motors Ltd DVR AUTOMOBILE TATAMTRDVR
44 Tata Motors Ltd. AUTOMOBILE TATAMOTORS
45 Tata Power Co. Ltd. ENERGY TATAPOWER
46 Tata Steel Ltd. METALS TATASTEEL
47 Tech Mahindra Ltd. IT TECHM
48 UltraTech Cement Ltd. CEMENT & CEMENT PRODUCTS ULTRACEMCO
49 Wipro Ltd. IT WIPRO
50 Yes Bank Ltd. FINANCIAL SERVICES YESBANK
51 Zee Entertainment Enterprises Ltd. MEDIA & ENTERTAINMENT ZEEL

*And the 51st stock is: The Tata Motors DVR. This is a differential voting rights share of Tata Motors. Which is already in the Nifty!

Reference:

https://www.nseindia.com/content/indices/Method_Nifty_50.pdf

https://www.nseindia.com/content/indices/ind_nifty50list.csv

https://www.nseindia.com/content/indices/ind_nifty50.pdf

If you want to read further, here is a great book about Indian Stock Market: Bulls, Bears and Other Beasts: A Story of the Indian Stock Market by Santosh Nair

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About Kritesh Abhishek 76 Articles
Hi, I am Kritesh. I'm 23, Electrical Engineer, Investor & Blogger. I have a passion for stocks and has spent my last 3 years learning, investing and educating people about stock market investing. And so, I delighted to share my learnings with you on this blog. #HappyInvesting

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