Nifty 50 stocks with weights for October 2020

Published: October 6, 2020 at 7:25 pm

Nifty 50 stocks with index weightage and market capitalization are tabulated for October 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.

Nifty 50 Stock weights (%) October 2020

Nifty has 14.9% exposure to RIL – up from 13.63% last month. The top 5 stocks account for 44% and the top 10 62% of the total weight.

Security NameIndustryWeightage (%)
Reliance Industries Ltd.REFINERIES14.9
HDFC Bank Ltd.BANKS9.67
Infosys Ltd.COMPUTERS – SOFTWARE7.62
Housing Development Finance Corporation Ltd.FINANCE – HOUSING6.43
Tata Consultancy Services Ltd.COMPUTERS – SOFTWARE5.4
ICICI Bank Ltd.BANKS5.05
Kotak Mahindra Bank Ltd.BANKS3.83
Hindustan Unilever Ltd.DIVERSIFIED3.81
ITC Ltd.CIGARETTES3.09
Larsen & Toubro Ltd.ENGINEERING2.27
Axis Bank Ltd.BANKS2.17
Bharti Airtel Ltd.TELECOMMUNICATION – SERVICES2.08
Asian Paints Ltd.PAINTS1.85
Maruti Suzuki India Ltd.AUTOMOBILES – 4 WHEELERS1.85
HCL Technologies Ltd.COMPUTERS – SOFTWARE1.82
Bajaj Finance Ltd.FINANCE1.79
State Bank of IndiaBANKS1.47
Dr. Reddy’s Laboratories Ltd.PHARMACEUTICALS1.3
Mahindra & Mahindra Ltd.AUTOMOBILES – 4 WHEELERS1.2
Nestle India Ltd.FOOD AND FOOD PROCESSING1.17
Sun Pharmaceutical Industries Ltd.PHARMACEUTICALS1.11
Titan Company Ltd.GEMS, JEWELLERY AND WATCHES1.03
Tech Mahindra Ltd.COMPUTERS – SOFTWARE1.01
UltraTech Cement Ltd.CEMENT AND CEMENT PRODUCTS0.96
Wipro Ltd.COMPUTERS – SOFTWARE0.96
Britannia Industries Ltd.FOOD AND FOOD PROCESSING0.92
HDFC Life Insurance Company Ltd.FINANCE0.91
Power Grid Corporation of India Ltd.POWER0.86
NTPC Ltd.POWER0.85
Hero MotoCorp Ltd.AUTOMOBILES – 2 AND 3 WHEELERS0.84
Cipla Ltd.PHARMACEUTICALS0.81
Divi’s Laboratories Ltd.PHARMACEUTICALS0.8
Bajaj Auto Ltd.AUTOMOBILES – 2 AND 3 WHEELERS0.77
Bajaj Finserv Ltd.FINANCE0.73
SBI Life Insurance Company Ltd.FINANCE0.65
Eicher Motors Ltd.AUTOMOBILES – 4 WHEELERS0.63
IndusInd Bank Ltd.BANKS0.62
Grasim Industries Ltd.CEMENT AND CEMENT PRODUCTS0.61
Bharat Petroleum Corporation Ltd.REFINERIES0.58
JSW Steel Ltd.STEEL AND STEEL PRODUCTS0.57
UPL Ltd.PESTICIDES AND AGROCHEMICALS0.57
Shree Cement Ltd.CEMENT AND CEMENT PRODUCTS0.56
Tata Steel Ltd.STEEL AND STEEL PRODUCTS0.56
Hindalco Industries Ltd.ALUMINIUM0.53
Adani Ports and Special Economic Zone Ltd.SHIPPING0.52
Oil & Natural Gas Corporation Ltd.OIL EXPLORATION/PRODUCTION0.52
Coal India Ltd.MINING0.5
Tata Motors Ltd.AUTOMOBILES – 4 WHEELERS0.49
Indian Oil Corporation Ltd.REFINERIES0.39
GAIL (India) Ltd.GAS0.33

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.

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.

Source: NSE monthly reports

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