# Nifty 50 Companies List September 2020

Published: September 11, 2020 at 3:47 pm

Last Updated on August 22, 2022 at 11:28 pm

Nifty 50 companies with index weightage are listed for November 2020. These 50 out of the 1600 companies traded on the NSE representing 65% its float-adjusted market capitalization. The index started trading in April 1996.

To be included in the Nifty, a stock must have an impact cost of less than 0.5% during the last six months for 90% of the observations for a portfolio of Rs. 10 crores. This means that large quantities of stocks can be bought or sold without too much disparity between buying and asking price. This is a good way to measure market liquidity.

Thus the 50 stocks of Nifty represent the most liquid stocks on the NSE weights as per their free-float market capitalization. The base date is November 3, 1995 (1st anniversary of the NSE) and the base value is 1000 with a base capital of Rs 2.06 trillion.

## NIfty 50 Calculation

From 26th 2009, the index was created using the float-adjusted market capitalization-weighted method. This is computed by multiplying the market capitalization with an investible weight factor (IWF). The IWF is a measure of shares that are freely available for trading.

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IWF = [Total Shares– (A+B +C +D +E +F)] /Total Shares

where:

• A= Shareholding of promoter and promoter group
• B= Government holding in the capacity of a strategic investor
• C= Shares held by promoters through ADR/GDRs.
• D= Equity held by associate/group companies (cross-holdings)
• E= Employee Welfare Trusts
• F= Shares under lock-in category

Market Capitalization = Shares outstanding X Price
Free Float Market Capitalization = Market Capitalization X IWF

The level of the Index reflects the total market value of all the stocks in the Index relative to the base period November 3, 1995
Index Value = (Current Market Value / Base Market Capital )* Base Index Value

Here: Base Market Capital: Rs 2.06 trillion and Base Index Value: 1000

Stocks with the highest free-float market cap have the highest weight in the index.

Index Level= SUM of (Price ×Free Float Market Capitalization)​/Divisor

The SUM is carried out over all the 50 stocks. The divisor is proprietary to the NSE tacking corporate actions into account and changes each time a stock is replaced.

## Nifty 50 Stock weights (%) November 2020

 Security Name Industry Free Float Market Capitalisation (Rs. Crores) Weightage (%) Reliance Industries Ltd. REFINERIES 664240.3 13.24 HDFC Bank Ltd. BANKS 514544.9 10.25 Infosys Ltd. COMPUTERS – SOFTWARE 388506.3 7.74 Housing Development Finance Corporation Ltd. FINANCE – HOUSING 344566.5 6.87 Tata Consultancy Services Ltd. COMPUTERS – SOFTWARE 279987.2 5.58 ICICI Bank Ltd. BANKS 270736.8 5.4 Kotak Mahindra Bank Ltd. BANKS 226634.3 4.52 Hindustan Unilever Ltd. DIVERSIFIED 184932.2 3.69 ITC Ltd. CIGARETTES 144368.3 2.88 Axis Bank Ltd. BANKS 122074.5 2.43 Larsen & Toubro Ltd. ENGINEERING 113539.4 2.26 Bharti Airtel Ltd. TELECOMMUNICATION – SERVICES 104119.3 2.08 Asian Paints Ltd. PAINTS 99699.5 1.99 Maruti Suzuki India Ltd. AUTOMOBILES – 4 WHEELERS 92577.45 1.85 HCL Technologies Ltd. COMPUTERS – SOFTWARE 91390.81 1.82 Bajaj Finance Ltd. FINANCE 87734.31 1.75 State Bank of India BANKS 72626.26 1.45 Nestle India Ltd. FOOD AND FOOD PROCESSING 61221.97 1.22 Dr. Reddy’s Laboratories Ltd. PHARMACEUTICALS 59331.66 1.18 Mahindra & Mahindra Ltd. AUTOMOBILES – 4 WHEELERS 56861.14 1.13 UltraTech Cement Ltd. CEMENT AND CEMENT PRODUCTS 52807.6 1.05 Wipro Ltd. COMPUTERS – SOFTWARE 50620.1 1.01 Sun Pharmaceutical Industries Ltd. PHARMACEUTICALS 50287.06 1 Tech Mahindra Ltd. COMPUTERS – SOFTWARE 50302.42 1 Titan Company Ltd. GEMS, JEWELLERY AND WATCHES 48642.03 0.97 HDFC Life Insurance Company Ltd. FINANCE 46445.25 0.93 Power Grid Corporation of India Ltd. POWER 43835.49 0.87 NTPC Ltd. POWER 42471.4 0.85 Britannia Industries Ltd. FOOD AND FOOD PROCESSING 40968.91 0.82 Divi’s Laboratories Ltd. PHARMACEUTICALS 40037.55 0.8 Cipla Ltd. PHARMACEUTICALS 38327.85 0.76 Bajaj Auto Ltd. AUTOMOBILES – 2 AND 3 WHEELERS 37591.81 0.75 Hero MotoCorp Ltd. AUTOMOBILES – 2 AND 3 WHEELERS 36351.82 0.72 Bajaj Finserv Ltd. FINANCE 33704.16 0.67 IndusInd Bank Ltd. BANKS 33222.95 0.66 Tata Steel Ltd. STEEL AND STEEL PRODUCTS 30986.18 0.62 Grasim Industries Ltd. CEMENT AND CEMENT PRODUCTS 30725.91 0.61 JSW Steel Ltd. STEEL AND STEEL PRODUCTS 30623.77 0.61 SBI Life Insurance Company Ltd. FINANCE 29998.24 0.6 Eicher Motors Ltd. AUTOMOBILES – 4 WHEELERS 29061.22 0.58 Shree Cement Ltd. CEMENT AND CEMENT PRODUCTS 28961.96 0.58 Bharat Petroleum Corporation Ltd. REFINERIES 28448.99 0.57 Adani Ports and Special Economic Zone Ltd. SHIPPING 26320.53 0.52 Hindalco Industries Ltd. ALUMINIUM 24916.35 0.5 UPL Ltd. PESTICIDES AND AGROCHEMICALS 24933.86 0.5 Coal India Ltd. MINING 23928.64 0.48 Oil & Natural Gas Corporation Ltd. OIL EXPLORATION/PRODUCTION 23677.34 0.47 Tata Motors Ltd. AUTOMOBILES – 4 WHEELERS 23765.64 0.47 Indian Oil Corporation Ltd. REFINERIES 20220.2 0.4 GAIL (India) Ltd. GAS 15671.62 0.31

Source: NSE monthly reports

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