Nifty Healthcare Index

The Nifty Healthcare Index is intended to represent the actions and outcomes of healthcare organisations. The Nifty Healthcare Index is made up of 20 exchange-listed, tradeable firms. The free float market capitalization method is used to calculate the Nifty Healthcare Index, and the index's level represents the entire free float market value of all of the index's stocks in relation to specific value of the base market capitalization.

Index funds, exchange-traded funds (ETFs), structured products, and fund portfolio benchmarking are just a few uses for the Nifty Healthcare Index. 

Eligibility Criteria for Selection of Constituent Stocks

• Businesses ought to be included in the Nifty 500 when it is reconstituted.
• Businesses ought to be involved in the macroeconomic healthcare sector.
• The final twenty companies will be chosen on the basis of their free-float market capitalization.

Nifty Healthcare Index Management

A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.

Best Performing Companies in the Nifty Healthcare Index (By weightage)

Here is the Nifty Healthcare Index stocks list of the best performing companies - 

• Sun Pharmaceutical Industries Ltd. (21.15%)
• Dr. Reddy's Laboratories Ltd. (10.04%)
• Cipla Ltd. (10.01%)
• Max Healthcare Institute Ltd. (8.95%)
• Apollo Hospitals Enterprise Ltd. (8.02%)
• Divi's Laboratories Ltd. (7.54%)
• Lupin Ltd. (5.05%)
• Aurobindo Pharma Ltd. (4.37%)
• Zydus Lifesciences Ltd. (3.48%)
• Torrent Pharmaceuticals Ltd. (3.29%)

Calculation Methodology Of Nifty Healthcare Index

Nifty Healthcare stocks is computed using the free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to a particular base market capitalization value