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FINNIFTY
FINNIFTY Performance
-
Open
23,834.45
-
High
23,958.15
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Low
23,525.75
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Prev Close
23,906.60
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Dividend Yeild
0.91%
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P/E
16.35
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 | ₹725125 Cr |
₹812
(1.69%)
|
13460246 | Banks |
| Shriram Finance Ltd | ₹107995 Cr |
₹2877.25
(1.57%)
|
1394673 | Finance |
| Cholamandalam Investment & Finance Company Ltd | ₹99910 Cr |
₹1189.55
(0.17%)
|
1704961 | Finance |
| Kotak Mahindra Bank Ltd | ₹346646 Cr |
₹1743.55
(0.11%)
|
4134730 | Banks |
| Bajaj Finance Ltd | ₹423183 Cr |
₹6848.25
(0.53%)
|
1030821 | Finance |
FINNIFTY Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| IT - Hardware | 0.45 |
| Oil Drill/Allied | 0.46 |
| Ship Building | 2.36 |
| Insurance | 0.83 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | -2.38 |
| Leather | -0.77 |
| Ceramic Products | -2.37 |
| Healthcare | -1.83 |
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 | 15.0725 | 0.56 (3.88%) |
| Nifty 10 Yr Benchmark G-Sec | 2436.33 | -0.21 (-0.01%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 888.11 | -0.25 (-0.03%) |
| Nifty 100 | 24448.85 | -436.1 (-1.75%) |
| Nifty 100 Alpha 30 Index | 18425 | -482.25 (-2.55%) |
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 20, 2024
The Indian stock markets continued their downward spiral on December 20, as both the Sensex and Nifty faced sharp declines. The selloff was triggered by hawkish commentary from the U.S. Federal Reserve, persistent FII (Foreign Institutional Investor) selling, and concerns over high valuations.
- Dec 20, 2024
Dealmakers anticipate that the momentum behind new share sales in India, now the leading market globally for initial public offerings (IPOs), along with Australia’s resurgence in 2025, will offset the sluggish performance of Chinese deals in the Asia-Pacific region.
- Dec 20, 2024
On December 20, the Nifty approached a technical correction, nearing a 10% decline from its peak, while the Sensex shed close to 1,300 points from its intraday high due to widespread sectoral downturns that heightened market anxiety. Nifty IT emerged as the weakest sector, declining over 2% despite Accenture's stronger-than-expected Q1 earnings report.
- Dec 20, 2024
President-elect Donald Trump has issued a warning to the European Union, threatening tariffs if its member nations fail to increase their purchases of American oil and gas.
Latest Blogs
Swing Trading Stocks for the Week iJoin the club of lakhs of tech savvy investors!
- Dec 20, 2024
Trading Setup For 23rd December 2024 The Nifty index experienced a significant decline on Friday, ending the week at 23,587.50, down by 1.52% after a flat opening. The broader market sentiment was bearish, with notable selling pressure across midcap and smallcap stocks, both falling over 2%. All sectoral indices closed in the red, with the Nifty IT index plunging 2.6%, wiping out earlier gains despite Accenture's positive outlook.
- Dec 20, 2024
The Identical Brains IPO allotment status date is 23rd 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 Identical Brains IPO allotment status.
- Dec 20, 2024
Trading Setup For 20th December 2024 The Nifty50 benchmark index extended its losing streak for the fourth consecutive day as a hawkish stance by the Federal Reserve triggered a global sell-off. After a gap-down opening on Thursday, the index traded sideways for most of the session, closing at 23,951.70, down 1.02%.
- Dec 20, 2024
