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FINNIFTY
FINNIFTY Performance
-
Open
23,794.45
-
High
23,833.75
-
Low
23,680.20
-
Prev Close
23,785.55
-
Dividend Yeild
0.91%
-
P/E
16.45
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 | ₹724545 Cr |
₹812.05
(1.69%)
|
13292255 | Banks |
| Shriram Finance Ltd | ₹108331 Cr |
₹2882.95
(1.56%)
|
1388146 | Finance |
| Cholamandalam Investment & Finance Company Ltd | ₹99696 Cr |
₹1185.45
(0.17%)
|
1711713 | Finance |
| Kotak Mahindra Bank Ltd | ₹347809 Cr |
₹1749.05
(0.11%)
|
4118970 | Banks |
| Bajaj Finance Ltd | ₹421286 Cr |
₹6808.2
(0.53%)
|
1022843 | Finance |
FINNIFTY Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | 0.33 |
| IT - Hardware | 0.65 |
| Dry cells | 1.17 |
| IT - Software | 0.35 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| Leather | -0.23 |
| Ceramic Products | -0.19 |
| Healthcare | -0.11 |
| Tobacco Products | -0.18 |
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 | 13.1775 | -0.34 (-2.53%) |
| Nifty 10 Yr Benchmark G-Sec | 2440.25 | 0.94 (0.04%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 888.89 | 0.18 (0.02%) |
| Nifty 100 | 24572.5 | -27.25 (-0.11%) |
| Nifty 100 Alpha 30 Index | 18470.6 | 31.45 (0.17%) |
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
- Dec 24, 2024
The Union Budget is just around the corner, set to be presented on February 1, which happens to fall on a Saturday this year. Normally, markets take a breather on weekends, but this time they’re making an exception. Equity markets will run on their usual schedule, closing at 3:30 PM, while commodity derivatives trading will continue until 5 PM to ensure traders and investors can respond to the big announcements.
- Dec 24, 2024
Gold prices across India have witnessed a slight dip recently, reflecting a broader downward trend in the precious metal's value. On December 24, 2024, the gold rate continued to fluctuate, impacted by a range of factors, both domestic and international. This article looks into the current gold prices across major cities, including gold prices in Mumbai, Chennai, Bangalore, Hyderabad, Lucknow, and Delhi, and explores the reasons behind these changes.
- Dec 24, 2024
The Indian stock markets continued their downward spiral on December 24, with both the Sensex and Nifty facing slight declines amidst volatility. Despite gains in auto and FMCG stocks, pressure from metals and PSU banks dragged down market sentiment. Investors were cautious ahead of the festive season, resulting in thin trading volumes.
- Dec 24, 2024
Bandhan Nifty Alpha Low Volatility 30 Index Fund – Direct (G) is an open-ended equity index fund that aims to replicate the performance of the Nifty Alpha Low Volatility 30 Index. This unique index is designed to provide a balance between high alpha (excess return over the benchmark) and low volatility, focusing on stocks with superior risk-adjusted returns.
Latest Blogs
Summary Sanathan Textiles IPO has closed with a strong response from investors, achieving a notable final subscription of 36.9 times by December 23, 2024 at 6:19:13 PM (Day 3). The public issue demonstrated significant investor interest across categories, with the Qualified Institutional Buyers (QIB) segment leading the momentum.
- Dec 25, 2024
Start 2025 with our handpicked stock recommendations! These include well-known stock names like United Breweries, Man Infra, Triveni Engineering, and Mahanagar Gas. Backed by strong trends and growth potential, these stocks are great for an 8-10 month investment. Perfect for anyone looking to make smart and simple investment decisions!
- Dec 24, 2024
Nifty Prediction for Tomorrow - 26th December 2024 Nifty closed marginally lower (-0.11%) today, with FMCG and Auto sectors shining while Services and Power lagged. ADANIENT and TATAMOTORS led the gainers, but POWERGRID and JSWSTEEL dragged their performance. An Advance Decline Ratio of 0.8 highlights broader weakness. 22 stocks advanced vs 28 declines.
- Dec 24, 2024
The Senores Pharmaceuticals IPO allotment status date is 26th December 2024. Currently, the allotment status is not available. It will be updated once the allotment process is finalized. Please check back later for the latest updates on the Senores Pharmaceuticals IPO allotment status.
- Dec 24, 2024
