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Nifty IT
Nifty IT Performance
-
Open
42,235.30
-
High
42,366.15
-
Low
41,874.55
-
Prev Close
42,139.85
-
Dividend Yeild
1.65%
-
P/E
33.28
Nifty IT Chart
Color code for Stocks Performance
- 5% and above
- 5% to 2%
- 2% to 0.5%
- 0.5% to -0.5%
- -0.5% to -2%
- -2% to -5%
- -5% and below
Constituent Companies
Company | Market Cap | Market Price | Volume | Sector |
---|---|---|---|---|
Wipro Ltd | ₹284174 Cr |
₹543.45
(0.18%)
|
7735142 | IT - Software |
Infosys Ltd | ₹769497 Cr |
₹1862.05
(2.48%)
|
5989003 | IT - Software |
Mphasis Ltd | ₹57589 Cr |
₹3032.25
(1.81%)
|
841802 | IT - Software |
Tata Consultancy Services Ltd | ₹1468184 Cr |
₹4057.55
(1.8%)
|
2240332 | IT - Software |
HCL Technologies Ltd | ₹502340 Cr |
₹1852.35
(2.81%)
|
2592148 | IT - Software |
Nifty IT Sector Performance
Top Performing
Sector Name | Percentage Change |
---|---|
Infrastructure Investment Trusts | 0.24 |
Under Performing
Sector Name | Percentage Change |
---|---|
Diamond, Gems and Jewellery | -3.16 |
IT - Hardware | -2.32 |
Leather | -1.73 |
Ceramic Products | -2.4 |
NIFTY IT
The NIFTY IT or Information Technology index can easily capture the performance of all the Indian IT firms effectively. This NIFTY index consists of 10 IT companies, and all of them are found under the National Stock Exchange of India.
The NIFTY Information Technology index is computed through the free float market capitalization technique.
It also has a base of January 1st, 1996, which is indexed to a base value of 1000, and the index level reflects the overall free float market value of the stocks. The index base value has been revised to 100 from 1000, and it took effect on May 28th, 2004.
The Nifty Information Technology Index can be easily utilized for countless reasons, such as launching index funds and benchmarking the fund portfolios, structured products, and ETFs.
Nifty IT Scrip Selection Criteria
Let’s take a look at the eligibility criteria for Nifty Information Technology:
● All companies must create a part of NIFTY 500 during the review time. If the amount of all the eligible stocks of a specific section under the NIFTY 500 goes below 10, a particular set of stocks will be picked from the universe of stocks. All these stocks are ranked under the top 800 according to the average market capitalization and turnover of the past 6 month’s data.
● All organizations should fall under the Information Technology Sector
● The trading frequency of the IT companies must be around 90% within the past 6 months. Companies that carry an IPO will certainly be qualified for inclusion within the index. This can only happen when the index’s eligibility criteria are fulfilled within 3 months rather than 6 months.
● The final selection of all 10 IT companies will be conducted according to the free float market capitalization. All companies will get a preference, which is available for trading within the futures and options section of the NSE during the final selection.
● The weightage of all the stocks gets calculated according to the free float market capitalization. Doing so will prevent single stocks from being over 33%, and the weightage of the three main stocks is not over 62% during the rebalancing time.
Other Indices
Indices Name | Price | Price Change (% change) |
---|---|---|
India VIX | 14.6325 | 0.66 (4.74%) |
Nifty 10 Yr Benchmark G-Sec | 2410.5 | -2.55 (-0.11%) |
Nifty 10 Yr Benchmark G-Sec (Clean Price) | 887.78 | -1.11 (-0.12%) |
Nifty 100 | 25022.2 | -253.3 (-1%) |
Nifty 100 Equal Weight | 32142.4 | -507 (-1.55%) |
Faqs
How can you choose some of the best stocks from the NIFTY IT firms?
When it comes to opting for the best stocks, you can utilize various criteria to reach the list of the best stocks that fall under the NIFTY Information Technology firm index. You can also take the help of the return ratios such as ROE or ROC, which will help pick the firms that have profitable growth.
How to invest in Nifty IT shares?
If you wish to invest your funds in the NIFTY IT shares, you must first look for a good brokerage company online. There, you will find a list of NIFTY IT shares available. But before doing anything, you should complete the registration work, look for the NIFTY IT shares through the search box, and complete all the KYC-related formalities. Once everything is done, you can proceed further with your investing work.
What is the PB and PE ratio of Nifty IT?
The PE ratio of Nifty IT is determined after you divide the market price by its earnings per share. The PB ratio, on the other hand, gets evaluated when you divide the stock price for each share by its BVPS or Book Value Per Share.
Which are the Nifty IT companies with the highest revenue growth?
There are several Nifty IT companies that have the highest revenue growth, which are Coforge Ltd, L&T Technology Service Ltd, Mphasis Ltd, and Persistent Systems Ltd.
Where to find out about the best-performing stocks under the Nifty IT index?
If you wish to comprehend more about the stocks that perform extremely well under the Nifty IT index, you should look at a brokerage firm’s platform. There, you will certainly find the information you need.
Latest News
- Oct 25, 2024
Summary Godavari Biorefineries IPO has closed with a moderate response from investors, achieving a final subscription of 1.87 times by 25th October 2024 at 5:19:07 PM (Day 3). The public issue witnessed varied demand across investor categories. The Qualified Institutional Buyers (QIB) category led with a subscription of 2.76 times. The Retail Investors segment showed decent interest with 1.76 times subscription.
- Oct 25, 2024
Afcons Infrastructure's initial public offering (IPO) has received modest investor interest on its opening day. The IPO witnessed cautious demand, resulting in a 0.08 times subscription by 2:01:10 PM on day one. This initial response indicates measured investor sentiment towards Afcons Infrastructure's shares at the start of the subscription period.
- Oct 25, 2024
Afcons Infrastructure IPO, valued at ₹5,430 crore, is now open for investors, offering a chance to participate in one of India’s major infrastructure companies. This IPO appeals to investors seeking to capitalise on India’s ongoing infrastructure growth, especially given Afcons’ extensive experience as part of the Shapoorji Pallonji Group. Overview of Afcons Infrastructure IPO
- Oct 25, 2024
Afcons Infrastructure IPO saw a strong anchor allocation response, with 36.35% of the total IPO size subscribed by anchor investors. Out of 9,63,35,319 shares on offer, anchors picked up 3,50,21,597 shares, demonstrating robust market confidence. The anchor allocation details were reported to the stock exchanges on 24th October 2024, just ahead of the IPO opening on 25th October 2024.
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- Oct 25, 2024
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- Oct 25, 2024