Last Updated on August 22, 2022 at 11:28 pm
Nifty 50 stocks with index weightage and market capitalization are tabulated for August 2020. These 50 out of the 1600 companies traded on the NSErepresenting 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 Sector weights (%) August 2020
The data is as on July 31st 2020. The numbers in parenthesis indicate weights as on June 30th 2020.
- Financial services 34.38 (33.16)
- Oil & gas 14.76 (16.18)
- It 14.17 (16.11)
- Consumer goods 13.46 (12.64)
- Automobile 5.52 (12.64)
- Telecom 3.53 (3.20)
- Pharma 3.03 (3.18)
- Construction 2.66 (2.38)
- Metals 2.58 (2.15)
- Cement & cement products 2.31 (2.17)
- Power 2.10 (1.88)
- Services 0.60 (0.51)
- Fertilisers & pesticides 0.54 (0.56)
- Media & Entertainment 0.36 (0.27)
Top Ten Nifty 50 Stocks (Aug 2020)
About 62.6% of the Nifty is driven by just these ten stocks. Read more: Is this market rally bad for equity mutual funds (active/passive)?
Stock Name | Weightage (%) July 31st 2020 |
Reliance Industries Ltd. | 14.00 |
HDFC Bank Ltd. | 9.56 |
Infosys Ltd. | 7.56 |
Housing Development Finance Corporation Ltd. | 6.59 |
Tata Consultancy Services Ltd. | 5.12 |
ICICI Bank Ltd. | 4.80 |
Kotak Mahindra Bank Ltd. | 4.27 |
Hindustan Unilever Ltd. | 4.22 |
ITC Ltd. | 3.62 |
Bharti Airtel Ltd. | 2.85 |
Nifty 50 stocks with weights for August 2020
The data is as on July 31st 2020. HDFC Life Insurance Company Ltd. replaces Vedanta Ltd. with effect from July 31st.
Security Name | Industry | Index Mcap (Rs. Crores) July 31st 2020 | Weightage (%) July 31st 2020 | Index Mcap (Rs. Crores) June 30th 2020 | Weightage (%) June 30th 2020 |
Adani Ports and Special Economic Zone Ltd. | SERVICES | 23695 | 0.51 | 25853 | 0.60 |
Asian Paints Ltd. | CONSUMER GOODS | 77339 | 1.65 | 76074 | 1.75 |
Axis Bank Ltd. | FINANCIAL SERVICES | 97448 | 2.08 | 91804 | 2.12 |
Bajaj Auto Ltd. | AUTOMOBILE | 39129 | 0.84 | 36799 | 0.85 |
Bajaj Finance Ltd. | FINANCIAL SERVICES | 86076 | 1.84 | 35347 | 0.81 |
Bajaj Finserv Ltd. | FINANCIAL SERVICES | 37528 | 0.80 | 74949 | 1.73 |
Bharat Petroleum Corporation Ltd. | OIL & GAS | 33213 | 0.71 | 30018 | 0.69 |
Bharti Airtel Ltd. | TELECOM | 133189 | 2.85 | 134389 | 3.10 |
Bharti Infratel Ltd. | TELECOM | 16344 | 0.35 | 18846 | 0.43 |
Britannia Industries Ltd. | CONSUMER GOODS | 45053 | 0.96 | 42463 | 0.98 |
Cipla Ltd. | PHARMA | 36580 | 0.78 | 32522 | 0.75 |
Coal India Ltd. | METALS | 27082 | 0.58 | 27836 | 0.64 |
Dr. Reddy’s Laboratories Ltd. | PHARMA | 54843 | 1.17 | 47854 | 1.10 |
Eicher Motors Ltd. | AUTOMOBILE | 28740 | 0.61 | 25531 | 0.59 |
GAIL (India) Ltd. | OIL & GAS | 17872 | 0.38 | 18889 | 0.44 |
Grasim Industries Ltd. | CEMENT & CEMENT PRODUCTS | 24985 | 0.53 | 24458 | 0.56 |
HCL Technologies Ltd. | IT | 76547 | 1.64 | 60444 | 1.39 |
HDFC Bank Ltd. | FINANCIAL SERVICES | 447636 | 9.56 | 461960 | 10.65 |
HDFC Life Insurance Company Ltd. | FINANCIAL SERVICES | 45584 | 0.97 | – | – |
Hero MotoCorp Ltd. | AUTOMOBILE | 34749 | 0.74 | 33067 | 0.76 |
Hindalco Industries Ltd. | METALS | 23814 | 0.51 | 21346 | 0.49 |
Hindustan Unilever Ltd. | CONSUMER GOODS | 197306 | 4.22 | 194637 | 4.49 |
Housing Development Finance Corporation Ltd. | FINANCIAL SERVICES | 308210 | 6.59 | 303488 | 6.99 |
ICICI Bank Ltd. | FINANCIAL SERVICES | 224575 | 4.80 | 227586 | 5.25 |
Indian Oil Corporation Ltd. | OIL & GAS | 22482 | 0.48 | 21694 | 0.50 |
IndusInd Bank Ltd. | FINANCIAL SERVICES | 31603 | 0.68 | 28649 | 0.66 |
Infosys Ltd. | IT | 353830 | 7.56 | 269566 | 6.21 |
ITC Ltd. | CONSUMER GOODS | 169444 | 3.62 | 169880 | 3.92 |
JSW Steel Ltd. | METALS | 22360 | 0.48 | 19223 | 0.44 |
Kotak Mahindra Bank Ltd. | FINANCIAL SERVICES | 199989 | 4.27 | 199213 | 4.59 |
Larsen & Toubro Ltd. | CONSTRUCTION | 111575 | 2.38 | 115264 | 2.66 |
Mahindra & Mahindra Ltd. | AUTOMOBILE | 58053 | 1.24 | 48887 | 1.13 |
Maruti Suzuki India Ltd. | AUTOMOBILE | 83241 | 1.78 | 77600 | 1.79 |
Nestle India Ltd. | CONSUMER GOODS | 58941 | 1.26 | 61268 | 1.41 |
NTPC Ltd. | POWER | 42180 | 0.90 | 46447 | 1.07 |
Oil & Natural Gas Corporation Ltd. | OIL & GAS | 28566 | 0.61 | 29679 | 0.68 |
Power Grid Corporation of India Ltd. | POWER | 45707 | 0.98 | 44822 | 1.03 |
Reliance Industries Ltd. | OIL & GAS | 655209 | 14.00 | 540149 | 12.45 |
Shree Cement Ltd. | CEMENT & CEMENT PRODUCTS | 28984 | 0.62 | 30773 | 0.71 |
State Bank of India | FINANCIAL SERVICES | 73471 | 1.57 | 68482 | 1.58 |
Sun Pharmaceutical Industries Ltd. | PHARMA | 57408 | 1.23 | 51064 | 1.18 |
Tata Consultancy Services Ltd. | IT | 239699 | 5.12 | 218765 | 5.04 |
Tata Motors Ltd. | AUTOMOBILE | 18749 | 0.40 | 17603 | 0.41 |
Tata Steel Ltd. | METALS | 27234 | 0.58 | 24290 | 0.56 |
Tech Mahindra Ltd. | IT | 42146 | 0.90 | 33598 | 0.77 |
Titan Company Ltd. | CONSUMER GOODS | 43531 | 0.93 | 39633 | 0.91 |
UltraTech Cement Ltd. | CEMENT & CEMENT PRODUCTS | 47534 | 1.02 | 44951 | 1.04 |
UPL Ltd. | FERTILISERS & PESTICIDES | 26304 | 0.56 | 23391 | 0.54 |
Vedanta Ltd. | METALS | – | Exit | 19380 | 0.45 |
Wipro Ltd. | IT | 41742 | 0.89 | 32635 | 0.75 |
Zee Entertainment Enterprises Ltd. | MEDIA & ENTERTAINMENT | 12661 | 0.27 | 15613 | 0.36 |
Source: NSE monthly reports
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