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FINNIFTY
FINNIFTY Performance
-
Open
23,795.30
-
High
24,035.75
-
Low
23,560.00
-
Prev Close
23,881.55
-
Dividend Yeild
0.92%
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P/E
16.85
FINNIFTY Chart
FINNIFTY F&O
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 | ₹710935 Cr |
₹796.65
(1.72%)
|
15103700 | Banks |
Shriram Finance Ltd | ₹125503 Cr |
₹3336.3
(1.35%)
|
1327064 | Finance |
Cholamandalam Investment & Finance Company Ltd | ₹125841 Cr |
₹1497.4
(0.13%)
|
1425900 | Finance |
Kotak Mahindra Bank Ltd | ₹359559 Cr |
₹1809
(0.11%)
|
4674325 | Banks |
Bajaj Finance Ltd | ₹446275 Cr |
₹7211.35
(0.5%)
|
1175149 | Finance |
FINNIFTY Sector Performance
Top Performing
Sector Name | Percentage Change |
---|---|
Real Estate Investment Trusts | 0.58 |
Readymade Garments/ Apparells | 0.19 |
Infrastructure Investment Trusts | 0.36 |
Plywood Boards/Laminates | 0.04 |
Under Performing
Sector Name | Percentage Change |
---|---|
Diamond, Gems and Jewellery | -1.25 |
IT - Hardware | -0.45 |
Leather | -0.62 |
Ceramic Products | -0.81 |
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 | 14.1275 | 0.96 (7.27%) |
Nifty 10 Yr Benchmark G-Sec | 2403.71 | -8.62 (-0.36%) |
Nifty 10 Yr Benchmark G-Sec (Clean Price) | 888.84 | -3.46 (-0.39%) |
Nifty 100 | 26056 | -249.25 (-0.95%) |
Nifty 100 Equal Weight | 34287.15 | -343.9 (-0.99%) |
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
- Oct 04, 2024
NeoPolitan Pizza and Foods' initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing steadily over the four-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an 11.50 times oversubscription by 10:35:08 AM on day four. This response underscores the strong market appetite for NeoPolitan Pizza and Foods' shares and sets the stage for a potentially dynamic listing.
- Oct 04, 2024
On October 4, HDFC Bank's shares saw a little increase in value following the announcement that the bank's loans grew more slowly in the second quarter of its fiscal year. Gross advances, or loans approved and disbursed, for the Mumbai-based bank increased 1.3% to ₹ 25.19 lakh crore in the quarter that ended in September after declining by 0.8% the previous quarter. On October 4, at 11:03 am, HDFC Bank's shares were up 0.1% at ₹ 1,684 a share.
- Oct 04, 2024
Market Analysis of Top Gainers and Losers on 4 October 2024: On October 4, 2024, the Indian stock markets remained under intense selling pressure, closing in the red for the fifth consecutive session.
- Oct 04, 2024
According to person’s familiar with the IPO situation, Hyundai Motor India Ltd.'s $3 billion IPO is expected to open for subscription on October 14 and its price range will be revealed by the middle of next week. This is the largest share sale of its kind in the nation.
Latest Blogs
The bеst stocks to invest undеr Rs.20 in 2024 can bе a gamе changеr for intеlligеnt invеstors. With thе Indian stock markеt sеt for continuеd growth and thе potеntial for finding sеcrеt gеms and high potеntial stocks sеlling at low pricеs is morе hopеful than еvеr. This article will еxplorе thе top stocks to buy undеr Rs.20 that allow invеstors to capitalizе on thе markеt's growth potential while controlling their risk and capital allocation.
- Oct 10, 2024
Summary NeoPolitan Pizza and Foods IPO has received an exceptional response from investors, closing with a subscription of 32.71 times by 4th October 2024 at 5:07:07 PM (Day 4). The public issue witnessed substantial demand across investor categories. The Retail Investors segment led the charge with a subscription of 42.62 times. The Non-Institutional Investors (NII) category also showed strong interest, subscribing 20.72 times.
- Oct 04, 2024
Nifty Prediction for - 07 October Our markets entered a corrective phase and witnessed sharp down move in last one week. Nifty ended the week at 25014, with a weekly loss of 4.45 percent.
- Oct 04, 2024
Swing Trading Stocks for the Week iJoin the club of lakhs of tech savvy investors!
- Oct 04, 2024