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Nifty IT

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Nifty IT Chart

Nifty IT Performance

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List of Nifty IT Companies

COMPANY

MARKET CAP

MARKET VALUE

Wipro Ltd

3,24,389.85
309.95

(0.27%)

Infosys Ltd

8,30,387.10
1,999.70

(0.64%)

Mphasis Ltd

60,554.57
3,195.40

(0.16%)

Tata Consultancy Services Ltd

16,18,587.63
4,473.90

(0.43%)

HCL Technologies Ltd

5,34,130.70
1,968.80

(1.68%)

Tech Mahindra Ltd

1,75,823.08
1,796.40

(0.38%)

LTIMindtree Ltd

1,98,838.63
6,714.45

(0.70%)

Persistent Systems Ltd

1,00,997.03
6,477.65

(0.65%)

Coforge Ltd

62,231.38
9,300.75

(1.14%)

L&T Technology Services Ltd

57,154.91
5,397

(-0.48%)

About Nifty IT

Parent Organization

Nifty IT

Exchange

NSE

Nifty IT Index Today

The Nifty IT is a key sectoral index on the National Stock Exchange (NSE) that tracks the performance of top IT companies in India. It includes well-known large-cap companies like Infosys, TCS, Wipro, and HCL Tech. The index is a real-time index of 10 tradable IT stocks engaged in information technology. NSE Indices Limited manages it and includes industries such as computer software, consulting, hardware, education, IT enabled services, and software products. The NIFTY IT Total Returns Index is a variant with practical applications for launching index funds, ETFs, structured investment products, and benchmarking fund portfolios.

How is the Nifty IT Index NSE Value Calculated?

The Nifty IT share price is made up of several equities held by IT businesses in India. When determining the Nifty IT index value, the prices of these shares are taken into account. The following formula is used to determine the Nifty IT's index value based on these values:

Index Value = (Current Index Free Float Market Capitalisation / Base Free Float Market Capitalisation of Index) * Base Index Value 

Every year on January 31st and July 31st, the NIFTY IT index is reevaluated semi-annually using six months' worth of data. With four weeks' notice given to the market, the replacement of stocks in NIFTY IT (if any) takes effect on the final trading day of March and September.

How are Stocks Selected for an Included in the Nifty IT?

Nifty IT Stocks Selection Process:

  • Eligibility criteria for inclusion, Companies must meet the selection criteria.
  • Companies ranked descending by average free-float market capitalisation.
  • Final selection of 10 companies based on free-float market capitalisation.
  • Preference is given to companies trading in NSE’s Futures & Options segment.
  • Weightage, No stock exceeds 33% in the index, top 3 stocks not more than 62%.
  • Includement, Companies with free-float market capitalisation at least 1.5 times the smallest index constituent.

How To Invest in Nifty IT Stocks?

  • Invest in ETFs or exchange-traded funds that track the Nifty IT index.
  • Create a list of all Nifty IT Index stocks and buy them in the same proportion as the index.
  • Keep track of all stocks and rebalance them as per the index.

Nifty IT FAQs

An index is a group of a specific type of securities. They can be stocks, derivatives, or other financial instruments. The index represents as well as tracks the performance of the asset class or the market segment.
Indices are used to track the performance of a group of securities. Indices show the overall performance of an asset class or market sector.
There are over 350 indices listed on the National Stock Exchange (NSE).
There are over 50 indices listed on BSE.
The Nifty 50 is the largest Indian index. It is one of the most actively traded indices in the world.
Sensex and Nifty 50 are the two oldest indices in India.
The Sensex and the Nifty 50 are the two major indices in India.
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