NIFTY Next 50

The NIFTY Next 50 is an stock market index provided and maintained by NSE Indices. It represents the next rung of liquid securities after the NIFTY 50. It consists of 50 companies representing approximately 10% of the traded value of all stocks on the National Stock Exchange of India. It is quoted using the symbol NIFTYJR.[1][2]

NSE NIFTY NEXT 50
Performance of the NIFTY NEXT 50 index between 2000 and 2023
Foundation24 December 1996 (24 December 1996)
OperatorNSE Indices
ExchangesNational Stock Exchange of India
Trading symbol^NSMIDCP
Constituents50
TypeLarge cap
Weighting methodCapitalisation-weighted
Related indicesNIFTY 50
NIFTY 500
Websitewww.nseindia.com/products-services/indices-niftynext50-index

The NIFTY Next 50 and the NIFTY 50 together comprise the NIFTY 100, which represents the top 100 companies trading on the National Stock Exchange of India based on full market capitalisation. The Nifty Next 50 Index represents 50 companies from Nifty 100 after excluding the Nifty 50 companies.[3]

The Nifty Next 50 Index represents about 10% of the free float market capitalization of the stocks listed on NSE as on September 29, 2023. The total traded value for the last six months September 2023 of all index constituents is approximately 11.2% of the traded value of all stocks on NSE.[4]

Methodology

The level of the index reflects total free float market value of all the stocks in the index relative to a particular base market capitalization value. This methodology is similar to the one employed to add stocks to NIFTY 50.[1]

Stocks are added to the index based on the following criteria:[1]

  1. Represents 50 companies from Nifty 100 after excluding the constituents of Nifty 50.
  2. Cumulative weight of index constituents that are not available for trading in F&O segment (Non F&O stocks) is capped at 10% on a quarterly rebalance dates.
  3. Weightage of non F&O stocks in the index are individually capped at 4.5% on quarterly rebalance dates.

The index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 every year and average data for the previous six months from the cut-off date is considered to filter stocks. A notice of 4 weeks from the date of change is given to market participants so that they can prepare for any changes.[1]

Comparison with Nifty 50

Nifty Next 50 was launched on December 24, 1996, considering November 03, 1995 as base date and 1000 as base value while Nifty 50 was launched on April 22, 1996, considering November 03, 1995 as base date and 1000 as base value.[1] Nifty Next 50 has outperformed the Nifty 50 considering returns from it's start date to April 2024.[2][3]

Record values
Category All-time highs[5]
Closing63,325.4510 April 2024
Intra-day63,735.3512 April 2024

Constituents
See also: NIFTY 50 § Constituents

The following companies constitute the NIFTY Next 50 index, as of 28 March 2024.[4]

Company NameSymbolSector
ABB IndiaABBCapital Goods
Adani Energy SolutionsADANIENSOLEnergy - Power
Adani Green EnergyADANIGREENEnergy - Power
Adani PowerADANIPOWEREnergy - Power
Adani Total GasATGLEnergy - Oil & Gas
Ambuja CementsAMBUJACEMMaterials
Bajaj HoldingsBAJAJHLDNGFinancial Services
Bank of BarodaBANKBARODABanking
Berger PaintsBERGEPAINTConsumer Durables
Bharat ElectronicsBELDefence
BoschBOSCHLTDAutomobile
Canara BankCANBKBanking
CholamandalamCHOLAFINFinancial Services
Colgate-PalmoliveCOLPALConsumer Goods
DaburDABURConsumer Goods
DLFDLFReal Estate
DMartDMARTRetail
GAILGAILEnergy - Oil & Gas
Godrej Consumer ProductsGODREJCPConsumer Goods
HavellsHAVELLSConsumer Durables
Hindustan AeronauticsHALDefence
ICICI Lombard General InsuranceICICIGIFinancial Services
ICICI Prudential Life InsuranceICICIPRULIFinancial Services
Indian Oil CorporationIOCEnergy - Oil & Gas
IndiGoINDIGOAirlines
Info EdgeNAUKRIOnline Services
IRCTCIRCTCOnline Services
IRFCIRFCFinancial Services
Jindal Steel & PowerJINDALSTELMetals
Jio Financial ServicesJIOFINFinancial Services
Life Insurance CorporationLICIFinancial Services
MaricoMARICOConsumer Goods
Pidilite IndustriesPIDILITINDChemicals
Power Finance CorporationPFCFinancial Services
Punjab National BankPNBBanking
RECRECLTDFinancial Services
Samvardhana MothersonMOTHERSONAutomobile
SBI CardSBICARDFinancial Services
Shree CementSHREECEMMaterials
SiemensSIEMENSCapital Goods
SRFSRFChemicals
Tata PowerTATAPOWEREnergy - Power
Torrent PharmaceuticalsTORNTPHARMPharmaceuticals
TrentTRENTRetail
TVS Motor CompanyTVSMOTORAutomobile
United SpiritsMCDOWELL-NConsumer Goods
Varun BeveragesVBLConsumer Goods
VedantaVEDLMetals
ZomatoZOMATOOnline Services
Zydus LifesciencesZYDUSLIFEPharmaceuticals

See also

References
  1. "Nifty Next 50 Factsheet - NSE Indices" (PDF). NSE Indices. 2024-03-28. Archived (PDF) from the original on 2024-04-12. Retrieved 2024-04-13.
  2. "What is Junior Nifty Index in Stock Market?". ICICI Direct. 2022-03-10. Archived from the original on 2023-01-28. Retrieved 2024-04-12.
  3. Sahu, Sridhar (2023-02-01). "Nifty 50 vs Nifty Next 50 vs Nifty 100 - Which large cap Index To Pick?". ET Money. Archived from the original on 2023-12-05. Retrieved 2024-04-12.
  4. "Nifty Next 50 Index - NSE India". NSE India. Archived from the original on 2024-03-05. Retrieved 2024-04-10.
  5. "NIFTY_NEXT_50 - Google Finance". Google Finance. Retrieved 2024-04-13.
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