NIFTY Next 50

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NSE NIFTY NEXT 50
Performance of the NIFTY NEXT 50 index between 2000 and 2023
Foundation24 December 1996 (27 years ago) (24 December 1996)
OperatorNSE Indices
ExchangesNational Stock Exchange of India
Trading symbol^NSMIDCP
Constituents50
TypeLarge cap
Weighting methodCapitalisation-weighted
Related indicesNIFTY 50
NIFTY 500
Websitewww.nseindia.com

The NIFTY Next 50 is an index for companies on the National Stock Exchange of India. It represents the next rung of liquid securities after the NIFTY 50. It consists of 50 companies representing approximately 10% of the traded value of all stocks on the National Stock Exchange of India. The NIFTY Next 50 is owned and operated by India Index Services and Products Ltd. It is quoted using the symbol NSMIDCP.

The NIFTY Next 50 and the NIFTY 50 together comprise the NIFTY 100, which represents the 100 most liquid stocks traded on the National Stock Exchange of India.

Comparison with Nifty 50[edit]

Nifty Next 50 was launched on December 24, 1996, considering November 03, 1995 as base date and 1000 as base value while Nifty 50 was launched on April 22, 1996, considering November 03, 1995 as base date and 1000 as base value. Considering the valuations now, Nifty Next 50 has greatly outperformed the Nifty 50.

Record values[edit]

Category All-time highs[1]
Closing 51,139.65[2] Monday, 11 December 2023

Intra-day 51,289.55[3] Friday, 8 December 2023

Constituents[edit]

The following companies constitute the NIFTY Next 50 index, as of 28 March 2024.[4][5]

Company Name Symbol Sector
ABB India ABB Capital Goods
Adani Energy Solutions ADANIENSOL Energy - Power
Adani Green Energy ADANIGREEN Energy - Power
Adani Power ADANIPOWER Energy - Power
Adani Total Gas ATGL Energy - Oil & Gas
Ambuja Cements AMBUJACEM Materials
Bajaj Holdings BAJAJHLDNG Financial Services
Bank of Baroda BANKBARODA Banking
Berger Paints BERGEPAINT Consumer Durables
Bharat Electronics BEL Defence
Bosch BOSCHLTD Automobile
Canara Bank CANBK Banking
Cholamandalam CHOLAFIN Financial Services
Colgate-Palmolive COLPAL Consumer Goods
Dabur DABUR Consumer Goods
DLF DLF Real Estate
DMart DMART Retail
GAIL GAIL Energy - Oil & Gas
Godrej Consumer Products GODREJCP Consumer Goods
Havells HAVELLS Consumer Durables
Hindustan Aeronautics HAL Defence
ICICI Lombard General Insurance ICICIGI Financial Services
ICICI Prudential Life Insurance ICICIPRULI Financial Services
Indian Oil Corporation IOC Energy - Oil & Gas
IndiGo INDIGO Airlines
Info Edge NAUKRI Online Services
IRCTC IRCTC Online Services
IRFC IRFC Financial Services
Jindal Steel & Power JINDALSTEL Metals
Jio Financial Services JIOFIN Financial Services
Life Insurance Corporation LICI Financial Services
Marico MARICO Consumer Goods
Pidilite Industries PIDILITIND Chemicals
Power Finance Corporation PFC Financial Services
Punjab National Bank PNB Banking
REC REC Financial Services
Samvardhana Motherson MOTHERSON Automobile
SBI Card SBICARD Financial Services
Shree Cement SHREECEM Materials
Siemens SIEMENS Capital Goods
SRF SRF Chemicals
Tata Power TATAPOWER Energy - Power
Torrent Pharmaceuticals TORNTPHARM Pharmaceuticals
Trent TRENT Retail
TVS Motor Company TVSMOTOR Automobile
United Spirits MCDOWELL-N Consumer Goods
Varun Beverages VBL Consumer Goods
Vedanta VEDL Metals
Zomato ZOMATO Online Services
Zydus Lifesciences ZYDUSLIFE Pharmaceuticals

See also[edit]

References[edit]

  1. ^ "NIFTY NEXT 50 (^NSMIDCP) Historical Data - Yahoo Finance". finance.yahoo.com. Retrieved 2023-12-11.
  2. ^ "India's record stock rally made investors richer by Rs 72 lakh crore in 2021". The Economic Times. 2022-12-01. Retrieved 2021-12-26.
  3. ^ "Markets close in red after record gains; Sensex dips to 61,716, Nifty ends at 18,419". The Hindustan Times. 2021-10-19. Retrieved 2021-12-07.
  4. ^ "NIFTY Next 50 Index". NSE India. Retrieved 6 October 2020.
  5. ^ "Index rejig: Shriram Finance, Adani Power, IRFC, Jio Financial, IREDA, Jai Balaji shares in focus today". Business Today. 29 February 2024. Retrieved 27 March 2024.

External links[edit]