Foundation | 22 April 1996 |
---|---|
Operator | NSE Indices |
Exchanges | National Stock Exchange of India |
Trading symbol | ^NSEI |
Constituents | 50 |
Type | Large cap |
Weighting method | Free-float capitalization-weighted |
Related indices | NIFTY Next 50 NIFTY 500 |
Website | www |
The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the 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 NSE Strategic Investment Corporation Limited.[3][4] The Nifty 50 index was launched on 22 April 1996.[1]
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).[5][6] 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.[7][8][9]
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]