12 June 2024
FINNIFTY Composition

FINNIFTY Index composition weightage of each stock and lot size.

The NIFTY 50 Index is a benchmark stock market index in India, which tracks the performance of the top 50 companies listed on the National Stock Exchange of India (NSE).

On the other hand, the NIFTY FINANCIAL SERVICES Index, also known as the NIFTY FINNIFTY Index, is a sectoral index that measures the performance of the financial services sector in India. It includes companies engaged in banking, financial institutions, housing finance, insurance, and other financial services.

The NIFTY FINNIFTY Index is computed using the free float market capitalization weighted methodology, where the level of the index reflects the total market value of all the stocks in the index relative to a particular base period.

The composition of the NIFTY FINNIFTY Index as of April 6th, 2023, is as follows:

Composition of FINNIFTY and Weightage of Stocks

  1. HDFC Bank – 12.63%
  2. ICICI Bank – 12.12%
  3. Kotak Mahindra Bank – 9.83%
  4. Bajaj Finance – 7.31%
  5. HDFC Life Insurance – 5.05%
  6. SBI Life Insurance – 4.74%
  7. Axis Bank – 4.49%
  8. SBI – 3.73%
  9. HDFC – 3.65%
  10. Bajaj Finserv – 3.33%
  11. ICICI Lombard – 2.23%
  12. Shriram Transport Finance – 1.91%
  13. ICICI Prudential Life Insurance – 1.74%
  14. ICICI General Insurance – 1.71%
  15. LIC Housing Finance – 1.55%
  16. Cholamandalam Investment and Finance – 1.26%
  17. Indiabulls Housing Finance – 1.18%
  18. Edelweiss Financial Services – 0.98%
  19. PNB Housing Finance – 0.89%
  20. Muthoot Finance – 0.86%
  21. Mahindra and Mahindra Financial Services – 0.79%
  22. Srei Infrastructure Finance – 0.69%
  23. L&T Finance Holdings – 0.67%
  24. REC – 0.65%
  25. IIFL Finance – 0.64%
  26. IndusInd Bank – 0.61%
  27. AU Small Finance Bank – 0.53%
  28. RBL Bank – 0.48%
  29. Bandhan Bank – 0.47%
  30. Federal Bank – 0.46%
  31. IDFC First Bank – 0.44%
  32. Bank of Baroda – 0.42%
  33. Punjab National Bank – 0.37%
  34. Canara Bank – 0.35%
  35. SBI Cards and Payment Services – 0.33%
  36. Tata Consultancy Services – 3.89%
  37. Wipro – 2.23%
  38. HCL Technologies – 2.19%
  39. Infosys – 1.97%
  40. Tech Mahindra – 1.49%
  41. Mindtree – 0.85%
  42. L&T Infotech – 0.67%
  43. Mphasis – 0.58%
  44. Persistent Systems – 0.27%
  45. NIIT Technologies – 0.21%
  46. 8K Miles Software Services – 0.10%
  47. Coforge – 0.09%
  48. Cyient – 0.09%
  49. Hexaware Technologies – 0.06%
  50. Sonata Software – 0.04%

The lot size of Futures and Options contracts for the NIFTY FINNIFTY Index is 40, which means that one Futures or Options contract represents 40 times the index value. The tick size for Futures and Options contracts is 0.05, which means that the minimum price movement for one tick is 0.05 points.

There is enough liquidity in FINNIFTY derivatives to deploy trades and strategies.

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