Index Information
| Sr.No. | Subject | Nifty 50 | Nifty Next 50 | Nifty Babk | Nifty Financial Services | Nifty Midcap Select |
|---|---|---|---|---|---|---|
| 1. | Nature of Index – Description of the Index | Nifty 50 index is a well-diversified 50 companies index reflecting overall market conditions. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and passive products such as ETFs and index funds. | Nifty Next 50 Index represents 50 companies from Nifty 100 after excluding the Nifty 50 companies. | Nifty Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE). | Nifty Financial Services Index is designed to reflect the behaviour and performance of the Indian financial market which includes banks, financial institutions, housing finance, insurance companies and other financial services companies. The Nifty Finance Index comprises of 20 stocks that are listed/ traded at NSE. |
Nifty Midcap Select index aims to track the performance of a portfolio of 25 liquid midcap stocks. Stocks are selected from the Nifty Midcap 150 index based on availability for trading in the F&O segment, market cap and average daily turnover. |
| 2. | Base Date and Base Index Value | November 3, 1995 1000 points |
November 4, 1996 1000 points |
January 1, 2000 1000 points |
January 1, 2004 1000 points |
October 3, 2005 1000 points |
| 3. | Methodology of index contraction, including criteria for inclusion of scrips to the index | click here for Methodology Document | ||||
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Updated on: 15/01/2025
