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FINNIFTY

23623.75
As on 22 Nov 2024 06:01 PM

FINNIFTY Performance

  • Open

    23,324.70

  • High

    23,673.50

  • Low

    23,319.30

  • Prev Close

    23,273.45

  • Dividend Yeild

    0.91%

  • P/E

    16.37

FINNIFTY Chart

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FINNIFTY F&O

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Stocks Performance
SBIN
816.05
4.51%
SHRIRAMFIN
2850.05
1.71%
CHOLAFIN
1208.4
0.28%
KOTAKBANK
1761.45
1.4%
BAJFINANCE
6683.95
3.38%
LICHSGFIN
617.45
1.01%
HDFCBANK
1745.6
0.25%
ICICIBANK
1278.05
2.2%
AXISBANK
1142.4
0.28%
PFC
477.95
5.43%
RECLTD
506.25
3.12%
SBICARD
679.7
0.69%
HDFCAMC
4223.25
0.22%
HDFCLIFE
688.2
2.04%
ICICIPRULI
689.35
1.59%
SBILIFE
1485.15
0.49%
ICICIGI
1837.5
1.82%
MUTHOOTFIN
1926.4
1.41%
MCX
6196
0.48%
BAJAJFINSV
1600.85
2%

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

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FINNIFTY Sector Performance

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Under Performing

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

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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.
 

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