Nifty Next 50
73732.1
-327.10 (-0.44 % )

Nifty Next 50

12 Jul 2024
73732.1
-327.10 (-0.44 %)
Lowest Today
73424.4
Highest Today
74453.3
Prev. Close
74059.2
Today’s Open
74322.4
52 Week High
74453.3
52 Week Low
42539.15
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Losers

I O C L
Refineries
12 Jul 2024
167.04
(-4.24%)
Market Price
-7.4
Change
A B B
Capital Goods - Electrical Equipment
12 Jul 2024
8209.25
(-2.94%)
Market Price
-248.7
Change
Power Fin.Corpn...
Finance
12 Jul 2024
555.15
(-2.71%)
Market Price
-15.45
Change
Bank of Baroda
Banks
12 Jul 2024
250.6
(-2.38%)
Market Price
-6.1
Change
Siemens
Capital Goods - Electrical Equipment
12 Jul 2024
7613.55
(-2.09%)
Market Price
-162.45
Change
Cholaman.Inv.&F...
Finance
12 Jul 2024
1380.7
(-1.72%)
Market Price
-24.1
Change
Adani Power
Power Generation & Distribution
12 Jul 2024
709.95
(-1.49%)
Market Price
-10.75
Change
TVS Motor Co.
Automobile
12 Jul 2024
2439.45
(-1.46%)
Market Price
-36.25
Change
Tata Power Co.
Power Generation & Distribution
12 Jul 2024
434.05
(-1.44%)
Market Price
-6.35
Change
Punjab Natl.Ban...
Banks
12 Jul 2024
117.74
(-1.39%)
Market Price
-1.66
Change
Bosch
Auto Ancillaries
12 Jul 2024
35139.05
(-1.33%)
Market Price
-472.2
Change
REC Ltd
Finance
12 Jul 2024
637.35
(-1.31%)
Market Price
-8.45
Change
Canara Bank
Banks
12 Jul 2024
112.72
(-1.25%)
Market Price
-1.43
Change
DLF
Realty
12 Jul 2024
821.7
(-1.23%)
Market Price
-10.25
Change
Hind.Aeronautic...
Aerospace & Defence
12 Jul 2024
5489.2
(-1.05%)
Market Price
-58.4
Change
Samvardh. Mothe...
Auto Ancillaries
12 Jul 2024
196.82
(-0.85%)
Market Price
-1.69
Change
Bharat Electron
Aerospace & Defence
12 Jul 2024
333.1
(-0.72%)
Market Price
-2.4
Change
Adani Green
Power Generation & Distribution
12 Jul 2024
1735.25
(-0.68%)
Market Price
-11.8
Change
Havells India
Consumer Durables
12 Jul 2024
1908.45
(-0.6%)
Market Price
-11.55
Change
Life Insurance
Insurance
12 Jul 2024
1051.55
(-0.55%)
Market Price
-5.8
Change
Varun Beverages
FMCG
12 Jul 2024
1584.5
(-0.5%)
Market Price
-7.95
Change
ICICI Lombard
Insurance
12 Jul 2024
1865.3
(-0.47%)
Market Price
-8.9
Change
Pidilite Inds.
Chemicals
12 Jul 2024
3147.65
(-0.44%)
Market Price
-13.8
Change
Shree Cement
Cement
12 Jul 2024
27665.5
(-0.39%)
Market Price
-107.1
Change
Ambuja Cements
Cement
12 Jul 2024
676.5
(-0.39%)
Market Price
-2.65
Change
ICICI Pru Life
Insurance
12 Jul 2024
651.15
(-0.34%)
Market Price
-2.2
Change
SBI Cards
Finance
12 Jul 2024
738.65
(-0.34%)
Market Price
-2.55
Change
Torrent Pharma.
Pharmaceuticals
12 Jul 2024
2948.45
(-0.34%)
Market Price
-9.95
Change
GAIL (India)
Gas Distribution
12 Jul 2024
228.71
(-0.3%)
Market Price
-0.69
Change
Adani Total Gas
Gas Distribution
12 Jul 2024
893.2
(-0.16%)
Market Price
-1.4
Change
SRF
Chemicals
12 Jul 2024
2390.25
(-0.07%)
Market Price
-1.75
Change
Jindal Steel
Steel
12 Jul 2024
1013.9
(-0.06%)
Market Price
-0.65
Change

What is Nifty Next 50?

The Nifty Next 50, often referred to as Nifty 50 Junior or simply Nifty Next, is a stock market index in India that represents the performance of the top 50 companies listed on the National Stock Exchange (NSE) which are not a part of the Nifty 50 index. The Nifty 50 and Nifty Next 50 comprise the broader Nifty 100 index. As an investor, you can use the Nifty Next 50 as a benchmark to evaluate the performance of your portfolio or as a basis for your investment strategies.

Which stocks are included in Nifty Next 50?

The Nifty Next 50 index comprises the top stocks listed on the National Stock Exchange (NSE) but are not included in the Nifty 50 index. Companies listed in the Nifty Next 50 are viewed as having the potential to become future leaders in their respective sectors, making the index a valuable tool for tracking the overall health and growth of the Indian stock market. Below are the stocks that are included in the nifty Next 50 index:  

Company Name

Industry

Bosch Ltd.

Automobile and Auto Components

Samvardhana Motherson International Ltd.

Automobile and Auto Components

TVS Motor Company Ltd.

Automobile and Auto Components

ABB India Ltd.

Capital Goods

Bharat Electronics Ltd.

Capital Goods

Hindustan Aeronautics Ltd.

Capital Goods

Siemens Ltd.

Capital Goods

PI Industries Ltd.

Chemicals

Pidilite Industries Ltd.

Chemicals

SRF Ltd.

Chemicals

Ambuja Cements Ltd.

Construction Materials

Shree Cement Ltd.

Construction Materials

Berger Paints India Ltd.

Consumer Durables

Havells India Ltd.

Consumer Durables

Avenue Supermarts Ltd.

Consumer Services

Indian Railway Catering And Tourism Corporation Ltd.

Consumer Services

Info Edge (India) Ltd.

Consumer Services

Trent Ltd.

Consumer Services

Zomato Ltd.

Consumer Services

Adani Wilmar Ltd.

Fast Moving Consumer Goods

Colgate Palmolive (India) Ltd.

Fast Moving Consumer Goods

Dabur India Ltd.

Fast Moving Consumer Goods

Godrej Consumer Products Ltd.

Fast Moving Consumer Goods

Marico Ltd.

Fast Moving Consumer Goods

Procter & Gamble Hygiene & Health Care Ltd.

Fast Moving Consumer Goods

United Spirits Ltd.

Fast Moving Consumer Goods

Varun Beverages Ltd.

Fast Moving Consumer Goods

Bajaj Holdings & Investment Ltd.

Financial Services

Bank of Baroda

Financial Services

Canara Bank

Financial Services

Cholamandalam Investment and Finance Company Ltd.

Financial Services

ICICI Lombard General Insurance Company Ltd.

Financial Services

ICICI Prudential Life Insurance Company Ltd.

Financial Services

Life Insurance Corporation of India

Financial Services

Muthoot Finance Ltd.

Financial Services

Punjab National Bank

Financial Services

SBI Cards and Payment Services Ltd.

Financial Services

Shriram Finance Ltd.

Financial Services

Torrent Pharmaceuticals Ltd.

Healthcare

Zydus Lifesciences Ltd.

Healthcare

Jindal Steel & Power Ltd.

Metals & Mining

Vedanta Ltd.

Metals & Mining

Adani Total Gas Ltd.

Oil Gas & Consumable Fuels

GAIL (India) Ltd.

Oil Gas & Consumable Fuels

Indian Oil Corporation Ltd.

Oil Gas & Consumable Fuels

Adani Energy Solutions Ltd.

Power

Adani Green Energy Ltd.

Power

Tata Power Co. Ltd.

Power

DLF Ltd.

Realty

InterGlobe Aviation Ltd.

Services

How is Nifty Next 50 calculated?

The Nifty Next 50 Index, comprises 50 companies selected from the Nifty 100 excluding the Nifty 50 constituents, undergoes a precise calculation methodology to ensure accuracy and representation. Establishing a base period, often anchored to a specific date like January 1, 2000, with a base value of 1000, the index utilises the free-float market capitalisation method. 

This method considers only tradable shares, accurately reflecting the overall market value of constituent stocks. The calculation involves determining the market capitalisation for each company by multiplying the stock's current market price by tradable shares, aggregating the total market capitalisation, and applying a free-float factor to adjust for non-tradable shares. 

The adjusted market capitalisation is then divided by the sum of all adjusted market capitalisations, yielding the weightage of each stock. The final index value is computed by multiplying the base value with the cumulative product of stock weightages, ensuring a precise representation of market value changes in constituent stocks. 

The Nifty Next 50 Index is handy for comparing how well investment funds are doing and creating index funds, ETFs, and other structured financial products. In simple terms, it helps measure the performance of a specific set of 50 companies, providing helpful information for investors.

What is the weightage of each stock in Nifty Next 50?

The weightage of each stock in the Nifty Next 50 is determined by its market capitalisation relative to the total market capitalisation of all the stocks in the index. The table below depicts the weightage of the top 10 stocks in Nifty Next 50 (as of January 2024):

Stock

Weightage

Trent

4.19%

Bharat Electronics

4.11%

Shriram Finance

3.55%

Tata Power Company

3.50%

Hindustan Aeronautics

3.27%

Cholamandalam Investment

3.16%

Indian Oil Corporation

2.97%

TVS Motor Company

2.94%

DLF

2.91%

GAIL

2.72%

Is F&O trading possible in Nifty Next 50?

No, F&O trading in Nifty Next 50 is not possible. However, you can invest in an index fund or an ETF that replicates the performance of Nifty Next 50.

How are stocks selected for Nifty Next 50?

The Nifty Next 50 index comprises the top stocks listed on the National Stock Exchange (NSE) but are not included in the Nifty 50 index. The index is rebalanced every six months upon the review of stocks based on various parameters, including market capitalisation, liquidity, and sector representation.

The eligibility criteria for stocks to be included in the Nifty Next 50 include:

  • They must be listed on the NSE
  • They must be in the Nifty 100 index but not in the Nifty 50 index
  • New stocks are reviewed every three months for inclusion in Nifty Next 50

How is the closing price of Nifty Next 50 calculated?

The closing value of the Nifty Next 50 index is computed by considering the weighted average closing prices of its constituent stocks between 3 PM to 3:30 PM.

 

How can I invest in Nifty Next 50?

It is not possible to directly buy or sell Nifty Next 50 units.  However, you can invest in index mutual funds that specifically target the constituent stocks of the Nifty Next 50 index and replicate the performance of Nifty Next 50.

 

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