-- UPDATED BASED ON CHANGES EFFECTED ON: 27 September 2019
Here is a breakdown of the 50 companies which constitute the Nifty 50. Over the last decade, while sectoral weight-age has remained largely similar, the constituent companies have constantly changed.
NSE has made the following changes in the composition of Nifty 50 index effective from September 27, 2019.
- Indiabulls Housing Finance
Notable Facts: Updated on 10 December 2019
- Financial Services and Information Technology contribute 53.61% to the overall weight-age.
- Financial Services – 41.25% and IT – 12.36%
- There are only 3 Pharmaceutical companies. India is amongst the biggest pharmaceutical exporters in the world.
- Of all things, cigarettes still have a dominant weight-age ~5% in the pie.
- No modern-day e-commerce businesses find a place in the Nifty. Compare this with the U.S. where Facebook, Amazon, e-Bay, and Yahoo are all part of the NASDAQ 100.
- The breakup hardly showcases India as a developing economy. Construction and cement put together contribute 4.89%. Energy and power is at 15.4%
- 7 out of the 11 financial services companies are private sector banks. Consider the fact that in India, there are 24 listed public sector banks and only 16 listed private sector banks. This is significantly different from how things were a decade back.
Full List of Nifty 50 Companies
|Industry||Company Name||Weightage (%)|
|Mahindra & Mahindra||1.02|
|Maruti Suzuki India||1.94|
|Financial Services||Axis Bank||3.31|
|Kotak Mahindra Bank||4.34|
|State Bank of India||2.64|
|Information Technology||HCL Technologies||1.23|
|Tata Consultancy Services||4.34|
|Consumer Goods||Hindustan Unilever||2.92|
|Engineering||Larsen & Toubro||3.31|
|Metals & Mining||Coal India||0.74|
|Power Grid Corporation of India||0.92|
|Indian Oil Corporation||0.65|
|Dr. Reddy’s Laboratories||0.71|
|Sun Pharmaceutical Industries||1|
|Media & Entertainment||Zee Entertainment Enterprises||0.36|
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