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FINNIFTY
FINNIFTY Performance
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Open
23,324.70
-
High
23,673.50
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Low
23,319.30
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Prev Close
23,273.45
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Dividend Yeild
0.91%
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P/E
16.37
FINNIFTY Chart
FINNIFTY F&O
Stocks Performance
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 |
|---|---|---|---|---|
| State Bank of India | ₹728294 Cr |
₹816.05
(1.68%)
|
14675733 | Banks |
| Shriram Finance Ltd | ₹107255 Cr |
₹2850.05
(1.58%)
|
1284262 | Finance |
| Cholamandalam Investment & Finance Company Ltd | ₹101686 Cr |
₹1208.4
(0.17%)
|
1529050 | Finance |
| Kotak Mahindra Bank Ltd | ₹350454 Cr |
₹1761.45
(0.11%)
|
4346310 | Banks |
| Bajaj Finance Ltd | ₹413827 Cr |
₹6683.95
(0.54%)
|
1193761 | Finance |
FINNIFTY Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | 0.61 |
| IT - Hardware | 0.29 |
| Leather | 0.94 |
| Ceramic Products | 0.97 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| Power Generation & Distribution | -0.38 |
| Infrastructure Investment Trusts | -0.13 |
| Printing & Stationery | -0.73 |
| Media - Print/Television/Radio | -0.31 |
NIFTY Financial Services
Like Nifty 50, Finnifty, often called Nifty Financial Services Index, concentrates solely on the shares and equities of financial companies.
The Indian financial sector, which consists of banks, financial companies, home finance businesses, insurance providers, and other financial institutions, is intended to be reflected in the Nifty Financial Services Index's performance and behavior.
The level of the NIFTY Financial Services Index depicts the overall free float market valuation of all the companies included in the index with a specific base market cap value. This index is calculated by using the free float market capitalization technique.
The NIFTY Financial Services Index is utilized for several things, including establishing index funds, ETFs, and structured products as well as evaluating mutual fund portfolios.
NIFTY Financial Services Scrip Selection Criteria
● Components of the Nifty 500 that promote the finance sector, including housing finance, financial institutions, banks, as well as other financial services, are regarded as qualified.
● According to the median free-float market capitalization, weightings for each sub-sector are assigned within the qualifying universe.
● Twenty firms are chosen from every sub-sector, and they are selected so that the weights of the components best resemble the importance of the sub-sector as previously described.
● Firms that can be traded in the NSE's futures and options sector are prioritized within every sub-segment.
● If a company's gross free-float market capitalization is 1.5 times greater than that of the smallest index participant, it will be added.
● Every stock's weighting in the index is determined according to its free-float market valuation, except for the top three stocks, whose combined weight cannot exceed 62% at the moment of rebalancing, and no stock should possess a weight greater than 33%.
Other Indices
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| India VIX | 16.0975 | 0.11 (0.67%) |
| Nifty 10 Yr Benchmark G-Sec | 2412.77 | -0.27 (-0.01%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 884.09 | -1.78 (-0.2%) |
| Nifty 100 | 24655.35 | 520.25 (2.16%) |
| Nifty 100 Equal Weight | 31252.45 | 543.6 (1.77%) |
Faqs
What is Finnifty?
Finnifty, or the Nifty Financial Services Index, is prominent in India dedicated to tracking the performance of financial companies. Its primary objective is to accurately represent the Indian financial sector's behavior and overall performance. The index encompasses a wide range of entities, including banks, financial institutions, home finance businesses, insurance providers, and other relevant players in the financial domain. To calculate the index, the free float market capitalization technique is employed, allowing for a comprehensive assessment of the companies involved.
Which stocks come under Finnifty?
The selection of stocks for inclusion in Finnifty follows a specific set of criteria. Eligible companies are chosen from the Nifty 500 index, with a focus on those that contribute to the finance sector, including housing finance, financial institutions, banks, and other financial services. The median free-float market capitalization of qualifying companies is considered to determine the weightings within each sub-sector. From each sub-sector, a total of twenty companies are selected to ensure that the weights of the components closely mirror the sub-sectors significance.
Priority is given to companies that can be traded in the futures and options segment of the National Stock Exchange (NSE) within each sub-segment. Additionally, if a company's gross free-float market capitalization is 1.5 times larger than the smallest participant in the index, it becomes eligible for inclusion. The weight of each stock in the index is determined based on its free-float market valuation. During rebalancing, the combined weight of the top three stocks is limited to 62%, and no individual stock is assigned a weight greater than 33%. This ensures a balanced representation of companies within the index.
What is difference between Banknifty and Finnifty?
Banknifty and Finnifty differ primarily in their areas of focus. Banknifty is an index dedicated to monitoring the performance of the banking sector, specifically focusing on stocks of banks and financial institutions primarily involved in banking activities. In contrast, Finnifty has a broader scope as it concentrates on the wider financial services sector. This includes banks, other financial companies, home finance businesses, insurance providers, and a diverse range of financial institutions. While Banknifty centers solely on the banking industry, Finnifty offers a more comprehensive representation of the entire financial sector.
Latest News
- Nov 22, 2024
Enviro Infra Engineers' initial public offering (IPO) received strong investor interest on its first day. The IPO witnessed robust demand, reaching 2.08 times subscription by 5:19 PM on day one.
- Nov 22, 2024
Groww Multicap Fund - Direct (G) is a diversified equity mutual fund that invests across large-cap, mid-cap, and small-cap companies. It aims to capture growth opportunities in companies of varying market capitalizations and sectors, providing investors with a balanced portfolio. The fund's strategy leverages the potential of established large-cap companies for stability, while mid-cap and small-cap investments offer opportunities for higher growth.
- Nov 22, 2024
Kotak Transportation & Logistics Fund - Direct (G) is designed for investors seeking long-term capital appreciation by leveraging the performance of the Nifty Transportation & Logistics Total Return Index (TRI). With its diversified portfolio, the fund offers potential for steady returns while aligning with India's expanding infrastructure landscape.
- Nov 22, 2024
Indian equity markets closed lower on November 22, bolstered by value buying at lower levels and strong global cues. The Nifty and Sensex both posted notable gains, with the Sensex jumping over 2,000 points. The rally was fueled by a rebound in blue-chip bank stocks, a positive US labour market report, and recovery in Adani Group shares.
Latest Blogs
The NTPC Green Energy IPO allotment status is not available yet. The allotment date for the NTPC Green Energy IPO is 25 November 2024. The NTPC Green Energy IPO status will be updated once the basis of allotment is finalized. Please revisit this website for the latest updates and information.
- Nov 22, 2024
Nifty Prediction for 25th November The benchmark indices staged a strong recovery on Friday, gaining approximately 2.39% after a week-long decline, driven by heavyweights like Reliance, TCS, Infosys, and SBI. The market saw broad-based buying as both mid-cap and small-cap indices rose by around 1%. Key sectoral indices such as Nifty Realty, PSU Bank, and IT surged nearly 3% for the day, adding to the bullish momentum.
- Nov 22, 2024
Swing Trading Stocks for the Week iJoin the club of lakhs of tech savvy investors!
- Nov 22, 2024
Highlights • The Adani Power share continues to attract attention due to its promising performance in the energy sector. • Adani Power stock has shown resilience, making it a key player in India's power generation landscape. • Recent fluctuations in Adani Power stock price have sparked discussions among investors.
- Nov 22, 2024
