# Nifty 50 stocks with weights for August 2020

Published: August 7, 2020 at 10:26 am

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.

Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email!
🔥Enjoy massive discounts on our robo-advisory tool & courses! 🔥

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.

1. Financial services 34.38 (33.16)
2. Oil & gas 14.76 (16.18)
3. It 14.17 (16.11)
4. Consumer goods 13.46 (12.64)
5. Automobile 5.52 (12.64)
6. Telecom 3.53 (3.20)
7. Pharma 3.03 (3.18)
8. Construction 2.66 (2.38)
9. Metals 2.58 (2.15)
10. Cement & cement products 2.31 (2.17)
11. Power 2.10 (1.88)
12. Services 0.60 (0.51)
13. Fertilisers & pesticides 0.54 (0.56)
14. 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

🔥Enjoy massive discounts on our courses, robo-advisory tool and exclusive investor circle! 🔥& join our community of 5000+ users!
Use our Robo-advisory Tool for a start-to-finish financial plan! More than 1,000 investors and advisors use this!
New Tool! => Track your mutual funds and stock investments with this Google Sheet!
We also publish monthly equity mutual funds, debt and hybrid mutual funds, index funds and ETF screeners and
Podcast: Let's Get RICH With PATTU! Every single Indian CAN grow their wealth!  You can watch podcast episodes on the OfSpin Media Friends YouTube Channel. 🔥Now Watch Let's Get Rich With Pattu தமிழில் (in Tamil)! 🔥
• Do you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincal
• Have a question? Subscribe to our newsletter using the form below.
• Hit 'reply' to any email from us! We do not offer personalized investment advice. We can write a detailed article without mentioning your name if you have a generic question.

Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email!

(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over ten years of experience publishing news analysis, research and financial product development. Connect with him via or Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “” an organisation promoting unbiased, commission-free investment advice.
Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! More than 3,000 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter the market condition is!! Watch the first lecture for free!  One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Our new course!  Increase your income by getting people to pay for your skills! More than 700 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos!
Our new book for kids: “Chinchu Gets a Superpower!” is now available! Most investor problems can be traced to a lack of informed decision-making. We made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, what would it be if we had to groom one ability in our children that is key not only to money management and investing but to any aspect of life? My answer: Sound Decision Making. So, in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parents plan for it, as well as teaching him several key ideas of decision-making and money management, is the narrative. What readers say!
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.
How to profit from content writing: Our new ebook is for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Do you want to check if the market is overvalued or undervalued? (it will work with any index!), or get the Tactical Buy/Sell timing tool!
We publish monthly mutual fund screeners and
About freefincal & its content policy. Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
Connect with us on social media
Our publications

You Can Be Rich Too with Goal-Based Investing

Published by CNBC TV18, this book is meant to help you ask the right questions and seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want This book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost!