Nifty Next 50 stocks with weights for August 2020

Published: August 13, 2020 at 4:20 pm

List of Nifty Next 50 stocks with index weightage and market capitalization are tabulated for August 2020. These are 50 companies from NIFTY 100 after excluding the NIFTY 50 companies representing about 10-11% of the free-float market capitalization of the stocks listed on NSE.

To be included in the Nifty Next 50, a stock must be part if the Nifty 100 index and in turn the NIfty 500 index. A Stock will be included in the Nifty 100 (primary criterion) if it is among the top 90 in terms of full market capitalisation.

It will also be included if its full market capitalisation is 1.50 times of the last constituent in NIFTY 100. Stocks will be removed from the NIfty 100 if their rank based on full market capitalisation falls below 110 or if it is removed from the NIFTY
500. The index has a base date of Jan 1st 1997, and a base value of 1000

Nifty Next 50 Calculation

From May 4th 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 Jan 1st, 1997
Index Value = (Current Market Value / Base Market Capital )* Base Index Value

Here: Base Market Capital: Rs 0.43 trillion and Base Index Value: 1000. In comparison, The base capital of Nifty 50 is Rs 2.06 trillion.

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 Next 50 Sector weights (%) August 2020

The data is as on July 31st 2020.

  1. Financial services 26.07%
  2. Consumer goods 25.61%
  3. Pharma 17.59%
  4. Oil & gas 6.62%
  5. It 3.95%
  6. Cement & cement products 3.83%
  7. Automobile 3.06%
  8. Services 2.96%
  9. Chemicals 2.81%
  10. Metals 1.77%
  11. Power 1.57%
  12. Textiles 1.56%
  13. Industrial manufacturing 1.40%
  14. Construction 1.19%

Top Ten Nifty Next 50 Stocks (Aug 2020)

The top ten stocks constitute 36.76% of the Nifty Next 50. This is significantly lower than the corresponding number for Nifty 50 – 62.6% in Aug 2020. See: Nifty 50 stocks with weights for August 2020

Security NameWeightage (%)
SBI Life Insurance Company Ltd.4.83
Divi’s Laboratories Ltd.4.53
Avenue Supermarts Ltd.4.17
Dabur India Ltd.3.94
Godrej Consumer Products Ltd.3.55
ICICI Lombard General Insurance Company Ltd.3.54
Aurobindo Pharma Ltd.3.34
Info Edge (India) Ltd.3.03
Lupin Ltd.3.02
Pidilite Industries Ltd.2.81

 

Nifty Next 50 stocks with weights for August 2020

The data is as on July 31st 2020. HDFC Life Insurance Company Ltd. moved from Nifty Next 50 to Nifty 50 (to replace Vedanta Ltd. with effect from July 31st) and was replaced by SBI Cards and Payment Services Ltd.

Security NameIndustryIndex Mcap (Rs. Crores)Weightage (%)
SBI Life Insurance Company Ltd.FINANCIAL SERVICES356024.83
Divi’s Laboratories Ltd.PHARMA333414.53
Avenue Supermarts Ltd.CONSUMER GOODS307434.17
Dabur India Ltd.CONSUMER GOODS290393.94
Godrej Consumer Products Ltd.CONSUMER GOODS261703.55
ICICI Lombard General Insurance Company Ltd.FINANCIAL SERVICES260683.54
Aurobindo Pharma Ltd.PHARMA245983.34
Info Edge (India) Ltd.IT223083.03
Lupin Ltd.PHARMA222483.02
Pidilite Industries Ltd.CHEMICALS206862.81
Colgate Palmolive (India) Ltd.CONSUMER GOODS189692.57
Marico Ltd.CONSUMER GOODS187692.55
Petronet LNG Ltd.OIL & GAS185892.52
Biocon Ltd.PHARMA181862.47
United Spirits Ltd.CONSUMER GOODS173152.35
Piramal Enterprises Ltd.FINANCIAL SERVICES166152.26
ICICI Prudential Life Insurance Company Ltd.FINANCIAL SERVICES162342.20
Ambuja Cements Ltd.CEMENT & CEMENT PRODUCTS161702.19
Hindustan Petroleum Corporation Ltd.OIL & GAS160532.18
Havells India Ltd.CONSUMER GOODS146021.98
Indraprastha Gas Ltd.OIL & GAS141301.92
Bandhan Bank Ltd.FINANCIAL SERVICES138931.89
Muthoot Finance Ltd.FINANCIAL SERVICES137931.87
HDFC Asset Management Company Ltd.FINANCIAL SERVICES133901.82
Bajaj Holdings & Investment Ltd.FINANCIAL SERVICES133021.81
Torrent Pharmaceuticals Ltd.PHARMA130721.77
Shriram Transport Finance Co. Ltd.FINANCIAL SERVICES129461.76
Berger Paints India Ltd.CONSUMER GOODS127841.74
Container Corporation of India Ltd.SERVICES123681.68
ACC Ltd.CEMENT & CEMENT PRODUCTS120461.63
Page Industries Ltd.TEXTILES114951.56
Motherson Sumi Systems Ltd.AUTOMOBILE113881.55
Bosch Ltd.AUTOMOBILE111861.52
United Breweries Ltd.CONSUMER GOODS105681.43
Siemens Ltd.INDUSTRIAL MANUFACTURING103461.40
Cadila Healthcare Ltd.PHARMA99411.35
Procter & Gamble Hygiene & Health Care Ltd.CONSUMER GOODS97451.32
InterGlobe Aviation Ltd.SERVICES94261.28
Power Finance Corporation Ltd.FINANCIAL SERVICES93921.27
DLF Ltd.CONSTRUCTION87351.19
Abbott India Ltd.PHARMA82531.12
NMDC Ltd.METALS76971.04
SBI Cards and Payment Services Ltd.FINANCIAL SERVICES75071.02
Oracle Financial Services Software Ltd.IT68180.93
Adani Transmission Ltd.POWER64850.88
Bank of BarodaFINANCIAL SERVICES56220.76
Hindustan Zinc Ltd.METALS53250.72
NHPC Ltd.POWER50980.69
Punjab National BankFINANCIAL SERVICES42090.57
General Insurance Corporation of IndiaFINANCIAL SERVICES35330.48

Source: NSE monthly reports

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