Nifty is an abbreviation of National Stock Exchange fifty. It is an equity benchmark index of National stock exchange. It was introduced in 1996. Hence, it generally comprises fifty actively traded stocks but currently there are fifty-one stocks. Moreover, it is also known as Nifty 50 or CNX Nifty. Moreover, it is owned by India Index Services and Products Ltd. (IISL). It is a benchmark Indian stock market index. Hence, it represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.
However, it is calculated using the free float market capitalization weighted method where the level of index reflects the total market value of the stocks relative to a particular base period.
Market Capitalization = Equity Capital x Price
Free Float Market Capitalization = Equity Capital x Price x Investable Weight Factor
Index Value = Current Market Value / Base Market Capital x Base Index Value (1000)
Classification of indices of Nifty
1. Broad based indices:
- NIFTY50
- NIFTYNEXT 50
- NIFTY100
- NIFTY200
- NIFTY500
- NIFTY500 MULTICAP 50:25:25 INDEX
- NIFTYMIDCAP 150
- NIFTY MIDCAP 50
- NIFTYMIDCAP SELECT INDEX
- NIFTY MIDCAP 100
- NIFTYSMALL CAP 250
- NIFTYSMALL CAP 50
- NIFTYSMALLCAP 100
- NIFTYMICROCAP 250
- NIFTYLARGEMIDCAP 250
- NIFTY MIDSMALLCAP 400
2. Sectorial based indices:
- NIFTYAuto Index
- NIFTYBank Index
- NIFTYFinancial Services Index
- NIFTYFinancial Services 25/50 Index
- NIFTYFMCG Index
- NIFTHealthcare Index
- NIFTYIT Index
- NIFTYMedia Index
- NIFTYMetal Index
- NIFTYPharma Index
- NIFTYPrivate Bank Index
- NIFTYPSU Bank Index
- NIFTYRealty Index
- NIFT Consumer Durables Index
- NIFTYOil and Gas Index
3. Thematic indices
- NIFTYAditya Birla group
- NIFTYCommodities Index
- NIFTYCPSE Index
- NIFTYEnergy Index
- NIFTYIndia Consumption Index
- NiftyIndia Manufacturing
- NIFTYInfrastructure Index
- NIFTYMahindra Group
- NIFTYMidcap Liquid 15 Index
- NIFTYMNC Index
- NIFTYPSE Index
- NIFTYServices Sector Index
- NIFTYShariah 25 Index
- NIFTYTata group
- NIFTYTata group 25% Cap
- NIFTY100Liquid 15 Index
- NIFTY50Shariah Index
- NIFTY500Shariah Index
- NIFTY SME EMERGE
- NIFTY 100 ESG
- NIFTY100 Enhanced ESG
- NIFTY100 ESG Sector Leaders Index
4. Strategy indices
NIFTY100 Equal Weight Index
NIFTY100 Low Volatility 30 Index
NIFTY50Arbitrage Index
NIFTY50 Futures PR
NIFTY50Futures TR
NIFTY200 Momentum 30 Index
NIFTY100 Alpha 30 Index
- NIFTYAlpha50 Index
- NIFTYAlphaLow Volatility 30
- NIFTYAlphaQuality Low Volatility 30
- NIFTYAlphaQuality Value Low Volatility 30
- NIFTYDividend Opportunities 50 Index
- NIFTYGrowth Sectors 15 Index
- NIFTYHigh Beta 50 Index
- NIFTYLow Volatility 50 Index
- NIFTY100 Quality 30 Index
- NIFTY Midcap150 Quality 50 Index
- NIFTY Quality Low Volatility 30
- NIFTY50Dividend Points Index
- NIFTY50Equal Weight
- NIFTY50PR 1x Inverse Index
- NIFTY50PR 2x Leverage Index
- NIFTY50TR 1x Inverse Index
- NIFTY50TR 2x Leverage Index
- NIFTY50USD Index
- NIFTY50Value 20 Index
- NIFTY500 Value 50
- NIFTY200 Quality 30
- NIFTY50 & Short Duration Debt – Dynamic P/B
- NIFTY50 & Short Duration Debt – Dynamic P/E
- NIFTY Equity Savings Index