If you are interested in the Indian Share market It's one of the most important metrics to follow in the stock markets. Nifty 50 is a diversified 50 stock index from the 13 sectors of the economy.
This index represents the free float market capitalization of the stocks listed on NSE (National Stock Exchange).
|Company Name||Market Capitalization(in Cr.)|
|Reliance Industries Limited||18,01,649 Cr.|
|TCS ( Tata Consultancy Services)||11,78,269 Cr.|
|HDFC Bank Ltd||7,36,917 Cr.|
|Infosys Ltd||5,99,224 Cr.|
|Hindustan Unilever Ltd (HUL)||5,15,947 Cr.|
The Nifty 50 Index is dominated by the Financial service sector which weights to 39.47% followed by the IT sector which weighs around 15.36% and the IT sector is followed by the Energy sector with sector weight of 14.42%.
Nifty 50 Index is calculated by using a process known as the free float market capitalization-weighted method. Which reflects the total market value of all the stocks in the index relative to a base period value.
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