Nifty 50 is a list of 50 best companies of India by market capitalization. These companies may or may not be best performing in the stock market in terms of earnings however definitely they are large blue chip stable companies. These companies are too big to fail! However no one knows what future holds and how overall market evolves. Having said that one of the most important feature of Nifty 50 index is that even if any company in the list degrows in their market capitalization, then some other company with high market capitalization will replace it to keep Nifty 50 Index floating.
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Is Nifty 50 Index important?
Yes Nifty 50 Index is important as it helps in measuring overall performance of the market. Though people say it is a measure of the Indian economy, however that is not completely true. Stock markets is driven by sentiments, so is Nifty 50 Index. When overall market is promising, market sentiments are positive then everyone will be looking for opportunities to participate in the bullish market. These sentiments could be positive due to genuine economic growth and can also be just feel good factor portrait due to any reason – political, monetary or regulatory policies in sectors, technical etc. etc.
But there is a tactic that can be used to identify whether Nifty 50 is truly having positive sentiment or these sentiment are just being artificially created. Though it is not easy to move the heavy weight index easily but it is not that difficult either by big money, if it is moved calculatedly using top weightage stocks. Compare Nifty 50 Index with safe heavens like USDINR currency pair, Gold and bonds interest rate. They are inversely proportional to Nifty 50. If Nifty 50 is moving up then ideally these safer instruments should be moving down. If not, then something is not adding up! Time to dig deep and get cautious.
List of Nifty 50 stocks with weightage
As mentioned heavy weightage Nifty 50 Stocks can be used to manipulate the index to portrait positive sentiment. Here is the list of nifty fifty 50 stocks along with their weightage calculated in proportion to their free float market capitalization. These stocks hasn’t changed from Nifty 50 stocks list 2023.
Nifty 50 Stocks List Weightage 2024
| Nifty 50 Companies List Today | Sectors | Weightage (%) |
| HDFC Bank Ltd. | Financial Services | 10.97 |
| Reliance Industries Ltd. | Oil Gas & Consumable Fuels | 10.28 |
| ICICI Bank Ltd. | Financial Services | 7.68 |
| Infosys Ltd. | Information Technology | 6.22 |
| Tata Consultancy Services Ltd. | Information Technology | 4.32 |
| Larsen & Toubro Ltd. | Construction | 4.28 |
| ITC Ltd. | Fast Moving Consumer Goods | 3.74 |
| Axis Bank Ltd. | Financial Services | 3.10 |
| State Bank of India | Financial Services | 2.99 |
| Bharti Airtel Ltd. | Telecommunication | 2.96 |
| Kotak Mahindra Bank Ltd. | Financial Services | 2.58 |
| Hindustan Unilever Ltd. | Fast Moving Consumer Goods | 2.24 |
| Bajaj Finance Ltd. | Financial Services | 1.88 |
| HCL Technologies Ltd. | Information Technology | 1.83 |
| Mahindra & Mahindra Ltd. | Automobile and Auto Components | 1.80 |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.77 |
| Tata Motors Ltd. | Automobile and Auto Components | 1.74 |
| NTPC Ltd. | Power | 1.66 |
| Titan Company Ltd. | Consumer Durables | 1.57 |
| Maruti Suzuki India Ltd. | Automobile and Auto Components | 1.55 |
| Power Grid Corporation of India Ltd. | Power | 1.34 |
| Asian Paints Ltd. | Consumer Durables | 1.32 |
| Tata Steel Ltd. | Metals & Mining | 1.21 |
| UltraTech Cement Ltd. | Construction Materials | 1.19 |
| Oil & Natural Gas Corporation Ltd. | Oil Gas & Consumable Fuels | 1.07 |
| Coal India Ltd. | Oil Gas & Consumable Fuels | 1.04 |
| IndusInd Bank Ltd. | Financial Services | 1.01 |
| Adani Ports and Special Economic Zone | Services | 1.01 |
| Nestle India Ltd. | Fast Moving Consumer Goods | 0.96 |
| Bajaj Auto Ltd. | Automobile and Auto Components | 0.93 |
| Bajaj Finserv Ltd. | Financial Services | 0.90 |
| Adani Enterprises Ltd. | Metals & Mining | 0.90 |
| Grasim Industries Ltd. | Construction Materials | 0.84 |
| Tech Mahindra Ltd. | Information Technology | 0.83 |
| Dr. Reddy’s Laboratories Ltd. | Healthcare | 0.81 |
| Cipla Ltd. | Healthcare | 0.81 |
| JSW Steel Ltd. | Metals & Mining | 0.79 |
| Tata Consumer Products Ltd. | Fast Moving Consumer Goods | 0.78 |
| Hindalco Industries Ltd. | Metals & Mining | 0.77 |
| Wipro Ltd. | Information Technology | 0.76 |
| SBI Life Insurance Company Ltd. | Financial Services | 0.73 |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.64 |
| HDFC Life Insurance Company Ltd. | Financial Services | 0.64 |
| Britannia Industries Ltd. | Fast Moving Consumer Goods | 0.61 |
| Hero MotoCorp Ltd. | Automobile and Auto Components | 0.60 |
| Bharat Petroleum Corporation Ltd. | Oil Gas & Consumable Fuels | 0.60 |
| Eicher Motors Ltd. | Automobile and Auto Components | 0.54 |
| LTIMindtree | Information Technology | 0.51 |
| Divi’s Laboratories Ltd. | Healthcare | 0.46 |
| UPL Ltd. | Chemicals | 0.25 |
Just top 3 stocks makes 30% of overall weightage of Nifty 50, moving them be keeping other stocks more or less sideways can move Nifty 50 Index. So to avoid getting carried away by the sentiment of Nifty 50 Index, its ideal to double click on the stocks and its respective sentiment and the add them bottoms up to see if sentiment are in line to Nifty 50 sentiment.
Nifty 50 Sector Weightage
| Nifty 50 Sector Wise | Weightage |
| Financial Services | 35.28% |
| Information Technology | 13.65% |
| Oil & Gas | 11.32% |
| FMCG | 9.28% |
| Automobile | 6.62% |
| Construction & Construction Material | 6.28% |
| Healthcare | 4.2% |
| Metals & Mining | 3.75% |
| Consumer Durables | 3.42% |
| Telecommunication | 2.9% |
| Power | 2.49% |
| Services | 0.75% |
| Chemicals | 0.33% |
How to track Nifty 50 Sectors Market Sentiment?
Nifty 50 market sentiment can be tracked via Sentiments Decoder. There may be other tools as well, however we follow smart money movement to track and understand how sentiments are varying across different time frames and sectors construing overall Nifty Sentiment. This helps in decoding whether market is manipulated or genuinely having positive sentiment.
How to read Nifty greed and fear index?
Sentiments decoder represent market behavior and showcase it in the form of greed and fear index. It can be viewed here in the video that will help to understand how to read fear and greed indicator of Sentiments Decoder.
How to trade Nifty 50 Index using Sentiment Decoder?
Nifty 50 Index can be traded in any of the following ways, however do not trade against sentiment:
- Buy ETFs, Liquidbees that are available in cash market.
- Buy Nifty 50 Mutual funds
- Buy futures of Nifty 50
- Buy Options if bullish call options (very tricky area do not buy OTM options as time plays crucial role)
Frequently Asked Questions: Nifty 50 Index
Out of 13 sectors of Nifty 50 which sector has highest weightage?
Key 13 sectors of Nifty 50 are listed above in the article. However highest weightage sectors of Nifty are Banking and Financial Services (35.2%), Information Technology (13.65%), Oil and Gas (11.32%), and FMCG (9.28%) etc. rest are falling below 10% hence not stated here.
What are top 3 weightage stocks in Nifty 50 that can be used to move the Index?
Top 3 stocks are Reliance, HDFC Bank and ICICI Bank. These three stocks are enough most of the time to move overall Index in either direction. Most smart money uses this tactic to manipulate the market sentiment and view.
How to check fear and greed index for Nifty 50 stocks list?
Fear and Greed Index can be viewed along with interpretation of market structure via Sentiments Decoder. How to use sentiment decoder should be first understood then only use the tool to make informed decision in Nifty 50 Index.
Is Market Mood Index chart same to fear and greed index for Nifty 50?
Yes! Market Mood Index chart ideally should be similar to Fear and Greed Index computed for Nifty 50. However there could be difference in the way it has been computed and due to nuances at time can show different picture. Sentiments Decoder is a similar tool, but unlike Market Mood Index today and Fear and Greed Index computed by others, it analyse smart money behavior and hence most of the time it will show right market behavior to make right investment decisions at the right time.