Both Nifty and Bank Nifty are index owned and managed by NSE Indices Limited.
Nifty is the leading index measuring performance of top 50 companies listed on the National Stock exchange (NSE). Therefore, it’s referred to as Nifty 50.
Within Nifty you have all the leading companies from 13 different sectors such as Banks, oil & gas, auto, cement, Information Technology, FMCG, infrastructure etc.
It is used as a benchmark index to know how you or your portfolio has performed against the overall rate of return of the market. Even mutual funds and other fund managers measure their performance by comparing the rate of return of Nifty 50.
Here is the list of companies in Nifty 50.
| Company Name | Industry |
| Adani Ports and Special Economic Zone Ltd. | Services |
| Apollo Hospitals Enterprise Ltd. | Healthcare |
| Asian Paints Ltd. | Consumer Durables |
| Axis Bank Ltd. | Financial Services |
| Bajaj Auto Ltd. | Automobile and Auto Components |
| Bajaj Finance Ltd. | Financial Services |
| Bajaj Finserv Ltd. | Financial Services |
| Bharat Petroleum Corporation Ltd. | Oil Gas & Consumable Fuels |
| Bharti Airtel Ltd. | Telecommunication |
| Britannia Industries Ltd. | Fast Moving Consumer Goods |
| Cipla Ltd. | Healthcare |
| Coal India Ltd. | Oil Gas & Consumable Fuels |
| Divi’s Laboratories Ltd. | Healthcare |
| Dr. Reddy’s Laboratories Ltd. | Healthcare |
| Eicher Motors Ltd. | Automobile and Auto Components |
| Grasim Industries Ltd. | Construction Materials |
| HCL Technologies Ltd. | Information Technology |
| HDFC Bank Ltd. | Financial Services |
| HDFC Life Insurance Company Ltd. | Financial Services |
| Hero MotoCorp Ltd. | Automobile and Auto Components |
| Hindalco Industries Ltd. | Metals & Mining |
| Hindustan Unilever Ltd. | Fast Moving Consumer Goods |
| Housing Development Finance Corporation Ltd. | Financial Services |
| ICICI Bank Ltd. | Financial Services |
| ITC Ltd. | Fast Moving Consumer Goods |
| IndusInd Bank Ltd. | Financial Services |
| Infosys Ltd. | Information Technology |
| JSW Steel Ltd. | Metals & Mining |
| Kotak Mahindra Bank Ltd. | Financial Services |
| Larsen & Toubro Ltd. | Construction |
| Mahindra & Mahindra Ltd. | Automobile and Auto Components |
| Maruti Suzuki India Ltd. | Automobile and Auto Components |
| NTPC Ltd. | Power |
| Nestle India Ltd. | Fast Moving Consumer Goods |
| Oil & Natural Gas Corporation Ltd. | Oil Gas & Consumable Fuels |
| Power Grid Corporation of India Ltd. | Power |
| Reliance Industries Ltd. | Oil Gas & Consumable Fuels |
| SBI Life Insurance Company Ltd. | Financial Services |
| Shree Cement Ltd. | Construction Materials |
| State Bank of India | Financial Services |
| Sun Pharmaceutical Industries Ltd. | Healthcare |
| Tata Consultancy Services Ltd. | Information Technology |
| Tata Consumer Products Ltd. | Fast Moving Consumer Goods |
| Tata Motors Ltd. | Automobile and Auto Components |
| Tata Steel Ltd. | Metals & Mining |
| Tech Mahindra Ltd. | Information Technology |
| Titan Company Ltd. | Consumer Durables |
| UPL Ltd. | Chemicals |
| UltraTech Cement Ltd. | Construction Materials |
| Wipro Ltd. | Information Technology |
Within the Nifty, companies from the financial and banking sector account for around 35.66% weight followed by information technology (15.89%).
Sector Representation of Nifty 50
- Financial Services: 35.66 %
- Information Technology: 15.89 %
- Oil, Gas & Consumable Fuels: 14.26 %
- Fast Moving Consumer Goods: 8.25 %
- Automobile and Auto Components: 5.64 %
- Healthcare: 3.91 %
- Consumer Durables: 3.05 %
- Metals & Mining: 2.76 %
- Construction: 2.75 %
- Telecommunication: 2.28 %
- Power: 2.12 %
- Construction Materials: 2.11 %
- Services: 0.73 %
- Chemicals: 0.59 %
In terms of specific stocks, HDFC bank, Reliance Industries, Housing Development Finance Corporation (HDFC), ICICI Bank, Infosys, ITC and TCS have more weight.
Top constituents by weightage
- Reliance Industries Ltd.: 12.51%
- HDFC Bank Ltd. : 8.38%
- Infosys Ltd. : 7.58%
- ICICI Bank Ltd. : 7.21%
- Housing Development Finance Corporation: 5.75%
- Tata Consultancy Services Ltd. : 4.80%
- Kotak Mahindra Bank Ltd. : 3.74%
- ITC Ltd. : 3.26%
- Hindustan Unilever Ltd. : 2.89%
- Larsen & Toubro Ltd. : 2.75%
This means performance of these stocks and sectors will affect the performance of Nifty 50. The index is calculated on a real time basis and rebalances semi-annually.
Exchange traded derivatives contracts linked to NIFTY 50 are also traded at Singapore Exchange Ltd. (SGX)
Nifty Bank is a sectoral index measuring performance of 12 leading banks listed in India. Most of these banks are also part of Nifty 50 index. It is sometimes referred to as Bank Nifty.
Here is the list of banks in Nifty Bank.
- AU Small Finance Bank Ltd.
- Axis Bank Ltd.
- Bandhan Bank Ltd.
- Bank of Baroda
- Federal Bank Ltd.
- HDFC Bank Ltd.
- ICICI Bank Ltd.
- IDFC First Bank Ltd.
- IndusInd Bank Ltd.
- Kotak Mahindra Bank Ltd.
- Punjab National Bank
- State Bank of India
Out of these 12 banks, HDFC, ICICI, Axis, Kotak and SBI have the highest weight on Bank Nifty.
Top constituents by weightage
- HDFC Bank Ltd.: 27.58%
- ICICI Bank Ltd.: 23.72%
- Kotak Mahindra Bank Ltd.: 12.30%
- State Bank of India: 10.81%
- Axis Bank Ltd.: 10.69%
- IndusInd Bank Ltd.: 5.40%
- AU Small Finance Bank Ltd.: 2.46%
- Bandhan Bank Ltd.: 1.97%
- Bank of Baroda: 1.66%
- Federal Bank Ltd.: 1.58%
