NIFTY 50

For the informal 1960s US stock market designation, see Nifty Fifty.

NIFTY 50
Performance of the NIFTY 50 index between 1990 and 2024
Foundation22 April 1996 (28 years ago) (22 April 1996)
OperatorNSE Indices
ExchangesNational Stock Exchange of India
Trading symbol^NSEI
Constituents50
TypeLarge cap
Weighting methodFree-float capitalization-weighted
Related indicesNIFTY Next 50
NIFTY 500
Websitewww.niftyindices.com/indices/equity/broad-based-indices/NIFTY--50

The NIFTY 50 is a benchmark of Indian stock market index that represents the average of 50 largest Indian companies listed on the National Stock Exchange.[1][2] Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the National Stock Exchange of India.[3][4] The Nifty 50 index was launched on 22 April 1996 with the base date of November 03, 1995.[1][5][6]

The NIFTY 50 index ecosystem consists of index funds (both onshore and offshore mutual funds and ETFs), and futures and options at NSE and NSE International Exchange (through GIFT Nifty).[7][8] In 2016, NIFTY 50 was reported by the WFE and FIA as the world's most actively traded index options contract, but it was later overtaken by Nifty Bank.[9][10][11]

The NIFTY 50 index covers 13 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. As of July 2024, NIFTY 50 gives a weightage of 32.76% to financial services including banking, 13.76% to information technology, 12.12% to oil and gas, 8.46% to consumer goods, and 8.22% to automotive.[1]

Total assets under management of passive funds (ETFs and index funds) in India tracking Nifty indices reached Rs 7.8 lakh crores, accounting for 73% of equity and debt passive funds’ AUM of Rs 10.7 lakh crores in India as of September 30, 2024. There are 343 passive products tracking Nifty index in India as of September 30, 2024. There are 30 ETFs and index funds and 2 ETNs tracking Nifty indices in international markets with a total AUM of ~US $5 billion as of September 30, 2024.[12][6]

  1. ^ a b c "NSE Indices" (PDF). National Stock Exchange of India. Archived (PDF) from the original on 12 April 2024. Retrieved 13 April 2024.
  2. ^ "Broadmarket indices – NIFTY 50 Index". National Stock Exchange of India. Archived from the original on 21 April 2019. Retrieved 4 March 2023.
  3. ^ "Corporate structure". National Stock Exchange of India. Archived from the original on 25 July 2020. Retrieved 25 June 2020.
  4. ^ "About NSE Indices". National Stock Exchange of India. Archived from the original on 13 January 2020. Retrieved 8 July 2024.
  5. ^ "Nifty's journey from 1,000 to 10,000: Brief history and major milestones". Financialexpress. 25 July 2017. Retrieved 9 November 2024.
  6. ^ a b "Nifty Indices".
  7. ^ "NSE Equity Derivatives Contract Specifications". National Stock Exchange of India. Archived from the original on 16 August 2019. Retrieved 16 August 2019.
  8. ^ Taparia, Vidhi (10 July 2023). "What is 'GIFT Nifty' — the new avatar of the India-Singapore joint stock exchange, now in Gujarat". ThePrint. Archived from the original on 4 September 2023. Retrieved 12 April 2024.
  9. ^ Sudhin, Serah (September 2017). "The Journey of Nifty-Fifty" (PDF). International Journal of Academic Research and Development. 2 (5): 4. ISSN 2455-4197. Archived from the original (PDF) on 7 January 2021. Retrieved 6 January 2021.
  10. ^ "Nifty Options most actively traded globally for index options in 2015". Business Today. 13 May 2016. Retrieved 13 August 2024.
  11. ^ Raj, Shubham (19 January 2022). "NSE largest derivatives exchange for 3rd year, Nifty Bank most traded index option". The Economic Times. Retrieved 13 August 2024.
  12. ^ https://nsearchives.nseindia.com/web/sites/default/files/inline-files/Transcript_Nov_5_V5.pdf. {{cite web}}: Missing or empty |title= (help)