Last Updated on August 12, 2025 at 10:27 am
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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