Nifty 50 Stock List in 2024: Important Stocks

1

The Nifty 50 stock list tracks the performance of the top 50 blue-chip companies on the National Stock Exchange (NSE) based on market capitalization. The Nifty 50 is an Indian benchmark index. It represents the weighted average of the top 50 NSE-listed companies. Nifty 50 Index is formed by combining two terms: Nifty, which refers to the National Stock Exchange, and 50, a collection of the National Stock Exchange’s 50 best-performing stocks.

Essentially, it serves as a barometer for the overall movement of the stock market. NIFTY 50 can be used for various purposes such as benchmarking fund portfolios, launching index funds, ETFs, and structured products. NIFTY 50 is computed in four currencies namely Indian Rupee (INR), US Dollar (USD), Australian Dollar (AUD), and Canadian Dollar (CAD). 

Nifty 50 Sector Weightage 

The NIFTY 50 Index gives a weightage of 33.53% to Financial Services, 13.04% to IT, 12.87% to Energy, 8.15% to Consumer Goods, 7.57% to Automobiles, and 4.52% to Construction. The NIFTY 50 index is a free-float market capitalization index. It is important to highlight that the Nifty 50 weightage of sectors keeps changing according to the performance of constituent stocks.

Read Also: Nifty PE Ratio – Most Important Points You Need to Know

Nifty 50 Stocks List (28 March 2024)– Top Players
Nifty 50 Stocks List – Top Players
Nifty 50 Sector Weightage March 2024
Nifty 50 Sector Weightage

Nifty 50 Companies Weightage: 2024

The Nifty 50 share list top 10 stocks consisted of the following  

Nifty 50 Companies Weightage March 2024
Nifty 50 top 10 stocks as of 28 March 2024

Nifty 50 Stock List 2024: Nifty Stock Weightage 2024

COMPANY NAMESECTORWEIGHTAGE (%)
HDFC Bank Ltd.Financial Services11.07
Reliance Industries Ltd.Oil Gas & Consumable Fuels10.22
ICICI Bank Ltd.Financial Services7.80
Infosys Ltd.Information Technology5.44
Larsen & Toubro Ltd.Construction4.52
Tata Consultancy Services Ltd.Information Technology3.99
ITC Ltd.Fast Moving Consumer Goods3.86
Bharti Airtel Ltd.Telecommunication3.25
Axis Bank Ltd.Financial Services3.02
State Bank of IndiaFinancial Services2.93
Kotak Mahindra Bank Ltd.Financial Services2.67
Hindustan Unilever Ltd.Fast Moving Consumer Goods2.05
Bajaj Finance Ltd.Financial Services2.05
Mahindra & Mahindra Ltd.Automobile and Auto Components1.87
Sun Pharmaceutical Industries Ltd.Healthcare1.78
Tata Motors Ltd.Automobile and Auto Components1.78
Maruti Suzuki India Ltd.Automobile and Auto Components1.69
HCL Technologies Ltd.Information Technology1.66
NTPC Ltd.Power1.62
Titan Company Ltd.Consumer Durables1.61
Tata Steel Ltd.Metals & Mining1.31
Asian Paints Ltd.Consumer Durables1.30
Power Grid Corporation of India Ltd.Power1.28
UltraTech Cement Ltd.Construction Materials1.14
Oil & Natural Gas Corporation Ltd.Oil Gas & Consumable Fuels1.06
Bajaj Auto Ltd.Automobile and Auto Components1.05
IndusInd Bank Ltd.Financial Services1.04
Coal India Ltd.Oil Gas & Consumable Fuels1.01
Adani Ports and Special Economic ZoneServices1.00
Nestle India Ltd.Fast Moving Consumer Goods0.95
Bajaj Finserv Ltd.Financial Services0.91
Grasim Industries Ltd.Construction Materials0.86
Adani Enterprises Ltd.Metals & Mining0.85
Hindalco Industries Ltd.Metals & Mining0.83
Tech Mahindra Ltd.Information Technology0.81
Cipla Ltd.Healthcare0.80
JSW Steel Ltd.Metals & Mining0.80
Dr. Reddy’s Laboratories Ltd.Healthcare0.76
Tata Consumer Products Ltd.Fast Moving Consumer Goods0.70
Wipro Ltd.Information Technology0.69
SBI Life Insurance Company Ltd.Financial Services0.69
HDFC Life Insurance Company Ltd.Financial Services0.68
Shriram FinanceFinancial Services0.67
Apollo Hospitals Enterprise Ltd.Healthcare0.65
Hero MotoCorp Ltd.Automobile and Auto Components0.62
Britannia Industries Ltd.Fast Moving Consumer Goods0.59
Bharat Petroleum Corporation Ltd.Oil Gas & Consumable Fuels0.58
Eicher Motors Ltd.Automobile and Auto Components0.56
LTIMindtreeInformation Technology0.46
Divi’s Laboratories Ltd.Healthcare0.45

Top Nifty 50 Companies: How to Invest in Them?

1- Investing directly in individual stocks 

One can directly buy stocks in the Nifty 50 index if capital availability is there. To purchase one share from each of the Nifty 50 constituents, an investor needs to invest approximately INR 1.9 lakhs and not all retail investors have this much money to invest. Furthermore, managing 50 stocks can be extremely difficult.

Read Also: Difference Between FDI and FII Explained in 10 Points

2- Invest through Mutual Fund

A better decision is to pick mutual funds that invest the pool money in NIFTY 50 stocks only. One can start investing in a mutual fund tracking NIFTY 50 companies with a minimum SIP of INR 500. Investment can also be made in lumpsum mode.

3- Nifty F&O trading (Futures and Options) 

Investors with limited capital can invest in Nifty Futures and Options, but because of the high leverage in the F&O sector, investors may incur significant losses. 

Top Nifty 50 Companies List 2024: Selection Criteria 

A set of guidelines and criteria need to be followed to determine which stocks or companies will be included in the Nifty 50 stocks. The following are the criteria for deciding on Nifty 50 companies: 

Nifty 50 Companies

Read Also: Investing in US Stocks Through NSE IFSC

Nifty 50 Stocks: Liquidity 

The Nifty 50 stocks must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations for a portfolio of INR 10 crores. In simple terms, impact cost is the cost that an investor must incur to execute his buy or sell order against the ideal cost of that stock. Companies with lower impact costs are more likely to have high liquidity than companies with higher impact costs.

Liquidity in the context of stock markets means a market where large orders can be executed without incurring a high transaction cost. The transaction cost referred to here is the cost attributable to a lack of market liquidity rather than the fixed costs typically incurred such as brokerage, transaction charges, depository charges, and so on. Liquidity is generated by market buyers and sellers who are constantly looking for buying and selling opportunities. Buyers and sellers pay a high price when there is a lack of liquidity. 

Read Also: Nifty Auto Index – Full list of constituents and their weightages

Nifty 50 Stocks: Float-Adjusted Market Capitalization

Their free-float market capitalization determines the NSE 50 list of companies. Nifty 50 stocks’ free-float market cap is calculated by multiplying its stock price by the total number of shares available in the market. For example, if a company has 20,000 shares in free float and the price of each is INR 100, the company’s free-float market cap is INR 20 lakh (20,000 * 100). Companies will be eligible for inclusion in the NIFTY 50 stocks index provided the average free-float market capitalization is at least 1.5 times the average free-float market capitalization of the smallest constituent in the index. 

Nifty 50 Stocks: Trading Frequency 

The company’s trading frequency should be 100% in the last six months. 

Nifty 50 Companies List 2024: Futures & Options segment 

Only companies that are permitted to trade in the F&O segment are eligible to be included in the Nifty 50 stock list. 

Nifty 50 Stocks: Newly-listed Stock 

The Nifty 50 company list stocks should have a listing history of 6 months. If a company files for an IPO, it will be eligible for inclusion in the index if it meets the normal eligibility criteria for the index for 3 months rather than 6 months. This relaxation is only for IPO listing and the listing history remains 6 months for other listing options such as demergers and takeovers.

Happy Investing! 

Nifty 50 Index Frequently Asked Questions

How many stocks are in the Nifty 50 Index?

Nifty 50 index comprises 50 stocks selected based on their free-float market capitalization.

Which sector has the maximum weightage in Nifty 50?

With a weightage of (33.53%), Financial Services is the leading sector in the Nifty 50 index. Information Technology (13.04%) and Oil & Gas (12.87%) are the next dominant sectors in Nifty 50 companies list for 2024.

How often is Nifty 50 rebalanced?

Nifty 50 index is re-balanced on a semi-annual basis i.e. every six months. The cut-off dates for rebalance purposes are 31 January and 31 July of each year.

How soon an IPO stock can enter the Nifty 50 Companies List 2024?

Although the index requires a minimum listing history of 6 months, this criterion can be relaxed to 3 months for recently listed stocks through IPO, provided all other requirements are met.

LEAVE A REPLY

Please enter your comment!
Please enter your name here