Last Updated on August 22, 2022 at 11:12 pm
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.
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 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 Name | Industry | Weightage (%) |
Avenue Supermarts Ltd. | MISCELLANEOUS | 4.37 |
Tata Consumer Products Ltd. | TEA AND COFFEE | 3.99 |
Adani Green Energy Ltd. | POWER | 3.84 |
Dabur India Ltd. | PERSONAL CARE | 3.84 |
ICICI Lombard General Insurance Company Ltd. | FINANCE | 3.77 |
Info Edge (India) Ltd. | COMPUTERS – SOFTWARE | 3.67 |
Godrej Consumer Products Ltd. | PERSONAL CARE | 3.65 |
Lupin Ltd. | PHARMACEUTICALS | 3.22 |
Aurobindo Pharma Ltd. | PHARMACEUTICALS | 2.98 |
Pidilite Industries Ltd. | CHEMICALS – SPECIALITY | 2.91 |
Biocon Ltd. | PHARMACEUTICALS | 2.65 |
Colgate Palmolive (India) Ltd. | PERSONAL CARE | 2.54 |
Marico Ltd. | PERSONAL CARE | 2.5 |
Bandhan Bank Ltd. | BANKS | 2.46 |
Havells India Ltd. | ELECTRICAL EQUIPMENT | 2.26 |
Petronet LNG Ltd. | GAS | 2.2 |
ICICI Prudential Life Insurance Company Ltd. | FINANCE | 2.17 |
Ambuja Cements Ltd. | CEMENT AND CEMENT PRODUCTS | 2.12 |
United Spirits Ltd. | BREW/DISTILLERIES | 2.05 |
Bharti Infratel Ltd. | TELECOMMUNICATION – EQUIPMENT | 1.99 |
Berger Paints India Ltd. | PAINTS | 1.89 |
Piramal Enterprises Ltd. | FINANCE | 1.88 |
Motherson Sumi Systems Ltd. | AUTO ANCILLARIES | 1.83 |
Torrent Pharmaceuticals Ltd. | PHARMACEUTICALS | 1.83 |
Hindustan Petroleum Corporation Ltd. | REFINERIES | 1.8 |
Indraprastha Gas Ltd. | GAS | 1.8 |
Muthoot Finance Ltd. | FINANCE | 1.63 |
Bajaj Holdings & Investment Ltd. | FINANCE | 1.61 |
HDFC Asset Management Company Ltd. | FINANCE | 1.61 |
InterGlobe Aviation Ltd. | TRAVEL AND TRANSPORT | 1.6 |
SBI Cards and Payment Services Ltd. | FINANCE | 1.59 |
Bosch Ltd. | AUTO ANCILLARIES | 1.56 |
Alkem Laboratories Ltd. | PHARMACEUTICALS | 1.5 |
Siemens Ltd. | ELECTRICAL EQUIPMENT | 1.5 |
Larsen & Toubro Infotech Ltd. | COMPUTERS – SOFTWARE | 1.42 |
United Breweries Ltd. | BREW/DISTILLERIES | 1.41 |
Cadila Healthcare Ltd. | PHARMACEUTICALS | 1.35 |
Container Corporation of India Ltd. | TRAVEL AND TRANSPORT | 1.33 |
Power Finance Corporation Ltd. | FINANCIAL INSTITUTION | 1.33 |
DLF Ltd. | CONSTRUCTION | 1.26 |
Procter & Gamble Hygiene & Health Care Ltd. | PERSONAL CARE | 1.25 |
Abbott India Ltd. | PHARMACEUTICALS | 1.17 |
NMDC Ltd. | MINING | 1.01 |
Oracle Financial Services Software Ltd. | COMPUTERS – SOFTWARE | 0.95 |
Adani Transmission Ltd. | POWER | 0.89 |
Hindustan Zinc Ltd. | METALS | 0.71 |
Bank of Baroda | BANKS | 0.66 |
Punjab National Bank | BANKS | 0.5 |
General Insurance Corporation of India | FINANCE | 0.4 |
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 momentum, low-volatility stock screeners.
![Follow Freefincal on Google News Follow Freefincal on Google News](https://freefincal.com/wp-content/uploads/2023/07/Follow-Freefincal-on-Google-News.jpg)
![Subscribe to the freefincal Youtube Channel Subscribe to the freefincal Youtube Channel. Subscribe button courtesy: Vecteezy.](https://freefincal.com/wp-content/uploads/2023/07/Subscribe-to-the-freefincal-Youtube-Channel.jpg)
![Follow freefincal on WhatsApp Channel Follow freefincal on WhatsApp Channel](https://freefincal.com/wp-content/uploads/2023/09/Follow-freefincal-on-WhatsApp-Channel-300x83.jpg)
![Listen to the Lets Get Rich with Pattu Podcast Listen to the Lets Get Rich with Pattu Podcast](https://freefincal.com/wp-content/uploads/2023/07/Listen-to-the-Lets-Get-Rich-with-Pattu-Podcast.jpg)
![Lets Get RICH With PATTU podcast on YouTube Lets Get RICH With PATTU podcast on YouTube](https://freefincal.com/wp-content/uploads/2023/08/Lets-Get-RICH-With-PATTU-podcast-on-YouTube-644x362.jpg)
- 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!
About The Author
![Pattabiraman editor freefincal](https://freefincal.com/wp-content/uploads/2019/11/Pattabiraman-author-freefincal-article-bottom.jpg)
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!
![Both boy and girl version covers of Chinchu gets a superpower](https://freefincal.com/wp-content/uploads/2021/02/Article-bottom-Chinchu-gets-a-superpower-front-cover-for-girls-and-boys.jpg)
![Feedback from a young reader after reading Chinchu gets a Superpower (small version)](https://freefincal.com/wp-content/uploads/2021/02/For-bottom-Feedback-from-a-young-reader-after-reading-Chinchu-gets-a-superpower.jpg)
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 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? Use our market valuation tool (it will work with any index!), or get the Tactical Buy/Sell timing tool!
We publish monthly mutual fund screeners and momentum, low-volatility stock screeners.
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 Google News. 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
- Twitter @freefincal
- Subscribe to our YouTube Videos
- Posts feed via Feedburner.
Our publications
You Can Be Rich Too with Goal-Based Investing
![You can be rich too with goal based investing](https://freefincal.com/wp-content/uploads/2016/11/You-can-be-rich-243x300.jpg)
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 want](https://freefincal.com/wp-content/uploads/2017/05/2-mini-Cover-pink.jpg)
Your Ultimate Guide to Travel
![Travel-Training-Kit-Cover-new](https://freefincal.com/wp-content/uploads/2019/11/Travel-Training-Kit-Cover-new.jpg)