History of NIFTY 50 in Timeline

The NIFTY 50 is a key Indian stock market index comprising the float-weighted average of 50 of the largest companies listed on the National Stock Exchange (NSE). It is owned and managed by NSE Indices, a subsidiary of the NSE. Launched on April 22, 1996, the NIFTY 50's base date is November 3, 1995, with a base value of 1000. It serves as a benchmark for the Indian stock market and reflects the performance of major Indian companies.

November 1995: NIFTY 50 Base Date

In November 1995, the base date for the NIFTY 50 index was established, with a base value of 1000.

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 can be tracked, with historical daily returns data available on the NSE website.

June 2009: Computation Changed to Free-Float Methodology

On June 26, 2009, the computation of the NIFTY 50 index was changed to a free-float methodology.

2009: Nifty 50 Adopted Free Float Criteria

In 2009, changes in index constituents since Nifty 50 adopted free float criteria.

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 in GIFT City, Gandhinagar.

July 2024: NIFTY 50 Sector Weightage

As of July 2024, the NIFTY 50 allocates 32.76% weightage 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.