History of NIFTY 50 in Timeline
The NIFTY 50 is a major Indian stock market index comprising 50 of the largest companies listed on the National Stock Exchange (NSE). It is calculated using a float-weighted average method. Owned and managed by NSE Indices, a subsidiary of the NSE, NIFTY 50 serves as a benchmark for the Indian equity market. It was launched on April 22, 1996, with a base value of 1000 set on November 3, 1995. It reflects the performance of these top companies and is used as an indicator of overall market sentiment.
November 1995: NIFTY 50 base period
The base period for the NIFTY 50 index is November 3, 1995, with a base value of 1000 and a base capital of ₹ 2.06 trillion.
April 1996: NIFTY 50 Index Launch
In April 1996, the NIFTY 50 index was launched.
2000: Annual development of the NIFTY 50
Since 2000 the annual development of the NIFTY 50 has been tracked.
June 2009: NIFTY 50 computation change
On June 26, 2009, the NIFTY 50 computation methodology was changed to a free-float methodology.
2009: Nifty 50 adopted free float criteria
Changes in index constituents since Nifty 50 adopted free float criteria in 2009.
2016: NIFTY 50 most actively traded index options contract
In 2016, the NIFTY 50 was reported as the world's most actively traded index options contract.
July 2023: SGX Nifty rebranded to GIFT Nifty
On July 3, 2023, SGX Nifty was rebranded to GIFT Nifty and trading was moved to the NSE International Exchange (NSEIX) in GIFT City, Gandhinagar.
July 2024: NIFTY 50 sector weightage
As of July 2024, the NIFTY 50 index gives a weightage of 32.76% to financial services including banking, 13.76% to information technology, 12.12% to oil and gas, 8.46% to consumer goods, and 8.22% to automotive.
September 2024: NIFTY 50 constituents
As of September 30, 2024, the Nifty 50 has the following constituents.
2024: NIFTY 50 overtakes Nifty Bank
In 2024, the NIFTY 50 overtook Nifty Bank after the latter's weekly expiry contracts were discontinued.
