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FINNIFTY
FINNIFTY Performance
-
Open
24,399.55
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High
24,584.45
-
Low
24,333.25
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Prev Close
24,326.90
-
Dividend Yeild
0.89%
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P/E
17.38
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 | ₹705357 Cr |
₹789.95
(1.73%)
|
15360569 | Banks |
Shriram Finance Ltd | ₹132559 Cr |
₹3525.35
(1.28%)
|
1446522 | Finance |
Cholamandalam Investment & Finance Company Ltd | ₹134178 Cr |
₹1596.3
(0.13%)
|
1400945 | Finance |
Kotak Mahindra Bank Ltd | ₹372275 Cr |
₹1871.95
(0.11%)
|
5045200 | Banks |
Bajaj Finance Ltd | ₹469676 Cr |
₹7590.35
(0.47%)
|
1166218 | Finance |
FINNIFTY Sector Performance
Top Performing
Sector Name | Percentage Change |
---|---|
Leather | 0.28 |
Real Estate Investment Trusts | 0.81 |
Tobacco Products | 1.06 |
Readymade Garments/ Apparells | 0.72 |
Under Performing
Sector Name | Percentage Change |
---|---|
Diamond, Gems and Jewellery | -2.54 |
IT - Hardware | -0.93 |
Ceramic Products | -0.15 |
Healthcare | -0.74 |
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 | 12.47 | -0.9 (-6.73%) |
Nifty 10 Yr Benchmark G-Sec | 2408.83 | 4.2 (0.17%) |
Nifty 10 Yr Benchmark G-Sec (Clean Price) | 893.37 | 1.6 (0.18%) |
Nifty 100 | 26425.25 | 5.1 (0.02%) |
Nifty 100 Equal Weight | 34553.2 | -94.8 (-0.27%) |
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
- Sep 19, 2024
Incorporated in 2018, TechEra Engineering (India) Limited designs, manufactures and supplies precise tooling and components for the aerospace and defence industries. The company also provides automation system solutions. TechEra makes assembly tools, jigs, fixtures, maintenance and repair tools, ground support equipment, and precision machined components. It uses advanced manufacturing technologies, such as 5-axis machining and 3D modelling, to meet the needs of its target sectors.
- Sep 19, 2024
Tata Motors shares saw a much-needed comeback in the early trade on 19th September as the scrip ended its three consecutive days losing streak. Shares of this company got an upgrade by Emkay Global which actually transferred the shares from 'add' to 'buy'. The growth prospects for this shares are around ₹1,175 per share.
- Sep 19, 2024
The shares of Ion Exchange have seen an increase of 7% on September 19. It is engaged in water treatment and environmental management and has won contracts worth about ₹161.19 crore from Adani Power Ltd.
- Sep 19, 2024
Excellent Wires and Packaging, a manufacturer of various types of wires and packaging products, made a disappointing debut on the Indian stock market on Thursday, 19th September 2024, with its shares listing at a discount to the issue price. The company's initial public offering (IPO) had generated moderate demand from investors during its subscription period, but the listing failed to meet market expectations.
Latest Blogs
Summary Envirotech Systems IPO has received an overwhelming response from investors, closing with an exceptional subscription of 91.67 times by 19th September 2024 at 5:59:59 PM (Day 5). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 187.14 times, reflecting significant interest from high net worth individuals.
- Sep 19, 2024
Summary Deccan Transcon Leasing IPO has received an overwhelming response from investors, closing with an exceptional subscription of 102.40 times by 19th September 2024 at 5:58:00 PM (Day 5). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 147.67 times, reflecting significant interest from high net worth individuals.
- Sep 19, 2024
Summary Popular Foundations IPO has received a moderate response from investors, closing with a subscription of 9.21 times by 19th September 2024 at 5:49:10 PM (Day 5). The public issue witnessed varied demand across investor categories, with the Retail Investors category leading the charge. The Retail segment was subscribed 14.89 times, reflecting significant interest from individual investors.
- Sep 19, 2024
Summary Osel Devices IPO has received an overwhelming response from investors, closing with an exceptional subscription of 194.24 times by 19th September 2024 at 5:48:01 PM (Day 4). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 321.40 times, reflecting significant interest from high net worth individuals.
- Sep 19, 2024