NIFTY Next 50

Last updated
NSE NIFTY NEXT 50
NIFTY Next 50 Returns Graph.png
Performance of NIFTY Next 50 between 2000 and 2024
Foundation24 December 1996(27 years ago) (24 December 1996)
Operator NSE Indices
Exchanges National Stock Exchange of India
Trading symbol^NIFTYJR [1]
Constituents50
Type Large cap
Weighting method Capitalisation-weighted
Related indices NIFTY 50
NIFTY 500
Website www.nseindia.com/products-services/indices-niftynext50-index

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]

Contents

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]

Methodology

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]

  1. Represents 50 companies from Nifty 100 after excluding the constituents of Nifty 50.
  2. Cumulative weight of index constituents that are not available for trading in F&O segment (Non F&O stocks) is capped at 10% on a quarterly rebalance dates.
  3. Weightage of non F&O stocks in the index are individually capped at 4.5% on quarterly rebalance dates.

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]

Comparison with Nifty 50

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]

Record values

CategoryAll-time highs [6]
Closing74,059.40Thursday, 11 July 2024
Intra-day74,453.30Friday, 12 July 2024

Constituents

The following companies constitute the NIFTY Next 50 index, as of 30 September 2024. [5]

Company NameSymbolSector
ABB India ABBCapital Goods
Adani Energy Solutions ADANIENSOLPower
Adani Green Energy ADANIGREENPower
Adani Power ADANIPOWERPower
Adani Total Gas ATGLOil, Gas & Consumable Fuels
Ambuja Cements AMBUJACEMConstruction Materials
Bajaj Holdings BAJAJHLDNGFinancial Services
Bank of Baroda BANKBARODAFinancial Services
Bharat Heavy Electricals BHELCapital Goods
Bosch BOSCHLTDAutomobile and Auto Components
Canara Bank CANBKFinancial Services
Cholamandalam CHOLAFINFinancial Services
Dabur DABURFast Moving Consumer Goods
Divi's Laboratories DIVISLABHealthcare
DLF DLFRealty
DMart DMARTConsumer Services
GAIL GAILOil, Gas & Consumable Fuels
Godrej Consumer Products GODREJCPFast Moving Consumer Goods
Havells HAVELLSConsumer Durables
Hindustan Aeronautics HALCapital Goods
ICICI Lombard General Insurance ICICIGIFinancial Services
ICICI Prudential Life Insurance ICICIPRULIFinancial Services
Indian Oil Corporation IOCOil, Gas & Consumable Fuels
IndiGo INDIGOServices
Info Edge NAUKRIConsumer Services
IRCTC IRCTCConsumer Services
IRFC IRFCFinancial Services
Jindal Steel & Power JINDALSTELMetals & Mining
Jio Financial Services JIOFINFinancial Services
JSW Energy JSWENERGYPower
Life Insurance Corporation LICIFinancial Services
Lodha LODHARealty
LTIMindtree LTIMInformation Technology
NHPC NHPCPower
Pidilite Industries PIDILITINDChemicals
Power Finance Corporation PFCFinancial Services
Punjab National Bank PNBFinancial Services
REC RECLTDFinancial Services
Samvardhana Motherson MOTHERSONAutomobile and Auto Components
Shree Cement SHREECEMConstruction Materials
Siemens SIEMENSCapital Goods
Tata Power TATAPOWERPower
Torrent Pharmaceuticals TORNTPHARMHealthcare
TVS Motor Company TVSMOTORAutomobile and Auto Components
Union Bank of India UNIONBANKFinancial Services
United Spirits UNITDSPRFast Moving Consumer Goods
Varun Beverages VBLFast Moving Consumer Goods
Vedanta VEDLMetals & Mining
Zomato ZOMATOConsumer Services
Zydus Lifesciences ZYDUSLIFEHealthcare

See also

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References

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