Foundation | 24 December 1996 |
---|---|
Operator | NSE Indices |
Exchanges | National Stock Exchange of India |
Trading symbol | ^NIFTYJR [1] |
Constituents | 50 |
Type | Large cap |
Weighting method | Capitalisation-weighted |
Related indices | NIFTY 50 NIFTY 500 |
Website | www |
The NIFTY Next 50 is a stock market index provided and maintained by NSE Indices. It represents the next rung of liquid securities after the NIFTY 50. It consists of 50 companies representing approximately 10% of the traded value of all stocks on the National Stock Exchange of India. It is quoted using the symbol NIFTYJR. [2] [3]
The NIFTY Next 50 and the NIFTY 50 together comprise the NIFTY 100, which represents the top 100 companies trading on the National Stock Exchange of India based on full market capitalisation. The Nifty Next 50 Index represents 50 companies from Nifty 100 after excluding the Nifty 50 companies. [4]
The Nifty Next 50 Index represents about 10% of the free float market capitalization of the stocks listed on NSE as on September 29, 2023. The total traded value for the last six months September 2023 of all index constituents is approximately 11.2% of the traded value of all stocks on NSE. [5]
The level of the index reflects total free float market value of all the stocks in the index relative to a particular base market capitalization value. This methodology is similar to the one employed to add stocks to NIFTY 50. [2]
Stocks are added to the index based on the following criteria: [2]
The index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 every year and average data for the previous six months from the cut-off date is considered to filter stocks. A notice of 4 weeks from the date of change is given to market participants so that they can prepare for any changes. [2]
Nifty Next 50 was launched on December 24, 1996, considering November 03, 1995 as base date and 1000 as base value while Nifty 50 was launched on April 22, 1996, considering November 03, 1995 as base date and 1000 as base value. [2] Nifty Next 50 has outperformed the Nifty 50 considering returns from its start date to April 2024. [3] [4]
Category | All-time highs [6] | |
---|---|---|
Closing | 74,059.40 | Thursday, 11 July 2024 |
Intra-day | 74,453.30 | Friday, 12 July 2024 |
The following companies constitute the NIFTY Next 50 index, as of 30 September 2024. [5]
Company Name | Symbol | Sector |
---|---|---|
ABB India | ABB | Capital Goods |
Adani Energy Solutions | ADANIENSOL | Power |
Adani Green Energy | ADANIGREEN | Power |
Adani Power | ADANIPOWER | Power |
Adani Total Gas | ATGL | Oil, Gas & Consumable Fuels |
Ambuja Cements | AMBUJACEM | Construction Materials |
Bajaj Holdings | BAJAJHLDNG | Financial Services |
Bank of Baroda | BANKBARODA | Financial Services |
Bharat Heavy Electricals | BHEL | Capital Goods |
Bosch | BOSCHLTD | Automobile and Auto Components |
Canara Bank | CANBK | Financial Services |
Cholamandalam | CHOLAFIN | Financial Services |
Dabur | DABUR | Fast Moving Consumer Goods |
Divi's Laboratories | DIVISLAB | Healthcare |
DLF | DLF | Realty |
DMart | DMART | Consumer Services |
GAIL | GAIL | Oil, Gas & Consumable Fuels |
Godrej Consumer Products | GODREJCP | Fast Moving Consumer Goods |
Havells | HAVELLS | Consumer Durables |
Hindustan Aeronautics | HAL | Capital Goods |
ICICI Lombard General Insurance | ICICIGI | Financial Services |
ICICI Prudential Life Insurance | ICICIPRULI | Financial Services |
Indian Oil Corporation | IOC | Oil, Gas & Consumable Fuels |
IndiGo | INDIGO | Services |
Info Edge | NAUKRI | Consumer Services |
IRCTC | IRCTC | Consumer Services |
IRFC | IRFC | Financial Services |
Jindal Steel & Power | JINDALSTEL | Metals & Mining |
Jio Financial Services | JIOFIN | Financial Services |
JSW Energy | JSWENERGY | Power |
Life Insurance Corporation | LICI | Financial Services |
Lodha | LODHA | Realty |
LTIMindtree | LTIM | Information Technology |
NHPC | NHPC | Power |
Pidilite Industries | PIDILITIND | Chemicals |
Power Finance Corporation | PFC | Financial Services |
Punjab National Bank | PNB | Financial Services |
REC | RECLTD | Financial Services |
Samvardhana Motherson | MOTHERSON | Automobile and Auto Components |
Shree Cement | SHREECEM | Construction Materials |
Siemens | SIEMENS | Capital Goods |
Tata Power | TATAPOWER | Power |
Torrent Pharmaceuticals | TORNTPHARM | Healthcare |
TVS Motor Company | TVSMOTOR | Automobile and Auto Components |
Union Bank of India | UNIONBANK | Financial Services |
United Spirits | UNITDSPR | Fast Moving Consumer Goods |
Varun Beverages | VBL | Fast Moving Consumer Goods |
Vedanta | VEDL | Metals & Mining |
Zomato | ZOMATO | Consumer Services |
Zydus Lifesciences | ZYDUSLIFE | Healthcare |
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