Nifty Next 50 stocks with weights for October 2020

Published: October 7, 2020 at 8:13 pm

Last Updated on November 10, 2020

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

Top Ten Nifty Next 50 Stocks (Oct 2020)

The top 5 stocks constitute 19.81% of the total weight (compare this with 44% for the Nifty – Nifty 50 stocks with weights for October 2020 ) and the top 10, 36.24% (62.6% for the Nifty.

Security NameIndustryWeightage (%)
Avenue Supermarts Ltd.MISCELLANEOUS4.37
Tata Consumer Products Ltd.TEA AND COFFEE3.99
Adani Green Energy Ltd.POWER3.84
Dabur India Ltd.PERSONAL CARE3.84
ICICI Lombard General Insurance Company Ltd.FINANCE3.77
Info Edge (India) Ltd.COMPUTERS – SOFTWARE3.67
Godrej Consumer Products Ltd.PERSONAL CARE3.65
Lupin Ltd.PHARMACEUTICALS3.22
Aurobindo Pharma Ltd.PHARMACEUTICALS2.98
Pidilite Industries Ltd.CHEMICALS – SPECIALITY2.91
Biocon Ltd.PHARMACEUTICALS2.65
Colgate Palmolive (India) Ltd.PERSONAL CARE2.54
Marico Ltd.PERSONAL CARE2.5
Bandhan Bank Ltd.BANKS2.46
Havells India Ltd.ELECTRICAL EQUIPMENT2.26
Petronet LNG Ltd.GAS2.2
ICICI Prudential Life Insurance Company Ltd.FINANCE2.17
Ambuja Cements Ltd.CEMENT AND CEMENT PRODUCTS2.12
United Spirits Ltd.BREW/DISTILLERIES2.05
Bharti Infratel Ltd.TELECOMMUNICATION – EQUIPMENT1.99
Berger Paints India Ltd.PAINTS1.89
Piramal Enterprises Ltd.FINANCE1.88
Motherson Sumi Systems Ltd.AUTO ANCILLARIES1.83
Torrent Pharmaceuticals Ltd.PHARMACEUTICALS1.83
Hindustan Petroleum Corporation Ltd.REFINERIES1.8
Indraprastha Gas Ltd.GAS1.8
Muthoot Finance Ltd.FINANCE1.63
Bajaj Holdings & Investment Ltd.FINANCE1.61
HDFC Asset Management Company Ltd.FINANCE1.61
InterGlobe Aviation Ltd.TRAVEL AND TRANSPORT1.6
SBI Cards and Payment Services Ltd.FINANCE1.59
Bosch Ltd.AUTO ANCILLARIES1.56
Alkem Laboratories Ltd.PHARMACEUTICALS1.5
Siemens Ltd.ELECTRICAL EQUIPMENT1.5
Larsen & Toubro Infotech Ltd.COMPUTERS – SOFTWARE1.42
United Breweries Ltd.BREW/DISTILLERIES1.41
Cadila Healthcare Ltd.PHARMACEUTICALS1.35
Container Corporation of India Ltd.TRAVEL AND TRANSPORT1.33
Power Finance Corporation Ltd.FINANCIAL INSTITUTION1.33
DLF Ltd.CONSTRUCTION1.26
Procter & Gamble Hygiene & Health Care Ltd.PERSONAL CARE1.25
Abbott India Ltd.PHARMACEUTICALS1.17
NMDC Ltd.MINING1.01
Oracle Financial Services Software Ltd.COMPUTERS – SOFTWARE0.95
Adani Transmission Ltd.POWER0.89
Hindustan Zinc Ltd.METALS0.71
Bank of BarodaBANKS0.66
Punjab National BankBANKS0.5
General Insurance Corporation of IndiaFINANCE0.4

Source: NSE monthly reports

Do share if you found this useful

We now publish both equity fund and debt fund (+ hybrid fund) screeners each month!
Use our Robo-advisory Excel Template for a start-to-finish financial plan! Now with a new demo video!  More than 415 investors and advisors use this!
Unlock the secrets of successful financial advisors and entrepreneurs with our new course!
My new book for kids: “Chinchu gets a superpower!” is now available!
Both boy and girl version covers of Chinchu gets a superpower
Both boy and girl version covers of Chinchu gets a superpower.
Most investor problems can be traced to a lack of informed decision making. We have all 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, if we had to groom one ability in our children that is key not only to money management and investing but for any aspect of life, what would it be? 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 parent’s plan for it and teach him several key ideas of decision making and money management is the narrative. What readers say!
Feedback from a young reader after reading Chinchu gets a Superpower (small version)
Feedback from a young reader after reading Chinchu gets a Superpower!
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.
Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Did you know? We have more than 1000+ videos on YouTube to explore! Join our YouTube Community!

Join our courses in exclusive Facebook Groups!

  • 550+ members are now part of our new course: How to get people to pay for your skills! (watch 1st lecture for free). 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 how to achieve by showcasing your skills and building a community that trusts you and pays you!
  • Goal-based portfolio management! Join 2220+ members and get clarity on how to plan for your goals and achieve the necessary corpus no matter what the market condition is!! Watch the first lecture for free!  One-time payment of Rs. 3000 only. No recurring fees! Life-long access to videos (10+ hours content)  in an exclusive Facebook Group! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.

Want to check if the market is overvalued or undervalued? Use our market valuation tool (will work with any index!), or you buy the new Tactical Buy/Sell timing tool!
We publish mutual fund screeners and momentum, low volatility stock screeners .every month.
About the Author Pattabiraman editor freefincalM. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via Twitter or Linkedin Pattabiraman has co-authored two print-books, You can be rich too with goal-based investing (CNBC TV18) and Gamechanger and seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation to promote unbiased, commission-free investment advice. He conducts free money management sessions for corporates and associations based on money management. Previous engagements include World Bank, RBI, BHEL, Asian Paints, Cognizant, Madras Atomic Power Station, Honeywell, Tamil Nadu Investors Association, IIST Alumni Association. For speaking engagements, write to pattu [at] freefincal [dot] com
About freefincal & its content policy Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on developments in mutual funds, stocks, investing, retirement and personal finance. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than one million readers a year (2.5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified from credible and knowledgeable sources before publication. Freefincal does not publish any paid articles, promotions, PR, satire or opinions without data. All opinions presented will only 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

You can be rich too with goal based investingPublished by CNBC TV18, this book is meant to help you ask the right questions, seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. It is also available in Kindle format.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis 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! Get it or gift it to a young earner.

Your Ultimate Guide to Travel

Travel-Training-Kit-Cover-new This is an in-depth dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for Rs 199 (instant download)
Free android apps