iThe current values are delayed, open demat account for live values.
FINNIFTY
FINNIFTY Index Performance
Day Range
- Low 21006.3
- High 21237.2
- Open21,007.05
- Previous Close21,023.45
- Dividend Yeild0.80%
-
High
21237.2
-
Low
21006.3
-
Day Open Price
21007.05
-
Prev Close
21023.45
-
P/E
18.2
FINNIFTY chart
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 | ₹547971 Cr |
₹614.15
(1.84%)
|
14255578 | Banks |
| Shriram Finance Ltd | ₹76322 Cr |
₹2031.6
(1.72%)
|
1156717 | Finance |
| Cholamandalam Investment & Finance Company Ltd | ₹97995 Cr |
₹1166.65
(0.17%)
|
1939893 | Finance |
| Kotak Mahindra Bank Ltd | ₹365179 Cr |
₹1838.45
(0.08%)
|
3416058 | Banks |
| Bajaj Finance Ltd | ₹451580 Cr |
₹7307.6
(0.4%)
|
1020692 | Finance |
FINNIFTY Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | 0.03 |
| Leather | 1.51 |
| Ceramic Products | 0.07 |
| Dry cells | 2 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| IT - Hardware | -1.44 |
| Healthcare | -0.29 |
| Gas Distribution | -0.07 |
| Finance | -0.08 |
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 | -0.2 (-1.58%) |
| Nifty 10 Yr Benchmark G-Sec | 2212.04 | -2.28 (-0.1%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 865.66 | -1.09 (-0.13%) |
| Nifty 100 | 21107.2 | 30.85 (0.15%) |
| Nifty 100 Equal Weight | 25739.65 | -129 (-0.5%) |
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 08, 2023
Premium listing for Marinetrans India IPO, then upper circuit
- Dec 08, 2023
Strong listing for Net Avenue Technologies IPO, then lower circuit
- Dec 08, 2023
India Shelter Finance Corporation Ltd was incorporated in 1998 and offers small and mid-ticket home loans. These loans are typically in the size of ₹5 lakhs to ₹50 lakhs. It provides home loans for construction, purchase, extension and also for renovation.
- Dec 08, 2023
Tata Group is gearing up to construct one of India's biggest iPhone assembly plants in Hosur, Tamil Nadu, aligning with Apple Inc.'s vision to expand its manufacturing footprint in the South Asian country.
Latest Blogs
In the heart of the bustling Indian stock market, a tale of triumph unfolded on November 30th, as Tata Technologies made an awe-inspiring debut. The curtains lifted at ₹1,200 apiece on the National Stock Exchange (NSE), casting a premium spell of 140% over the issue price of ₹500 per share. This stellar entry marked the grandest listing since November 2021, echoing through the financial corridors with waves of excitement.
- Dec 08, 2023
Movement of the Day Analysis 1. Strengths: Strong Momentum: Price above short, medium and long term from 5 days to 200 days respectively. 2. Positive break-out.
- Dec 08, 2023
The Nifty index soared to a historic high of 21000 mark during the end of the week and ended just below it with weekly gains of about three and half percent. The Bank Nifty index outperformed with participation from the heavyweights and posted weekly gains of over 5 percent.
- Dec 08, 2023
