NIFTY 50 explained

NIFTY 50
Operator:	NSE Indices
Exchanges:	National Stock Exchange of India
Symbol:	^NSEI
Constituents:	50
Cap Level:	Large cap
Weighting:	Free-float capitalization-weighted
Related:	NIFTY Next 50NIFTY 500

The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.^{[1] [2]} Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.^{[3] [4]} NSE Indices had a marketing and licensing agreement with Standard & Poor's for co-branding equity indices until 2013. The Nifty 50 index was launched on 22 April 1996.

The NIFTY 50 index ecosystem consists of index funds (both onshore and offshore mutual funds and ETFs), and futures and options at NSE and NSE International Exchange (through GIFT Nifty).^{[5] [6]} In 2016, NIFTY 50 was reported by the WFE and FIA as the world's most actively traded index options contract, but it was later overtaken by Nifty Bank.^{[7] [8] [9]}

The NIFTY 50 index covers 13 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. As of July 2024, NIFTY 50 gives a weightage of 32.76% to financial services including banking, 13.76% to information technology, 12.12% to oil and gas, 8.46% to consumer goods, and 8.22% to automotive.

Methodology

The NIFTY 50 index is a free float market capitalisation-weighted index.

Stocks are added to the index based on the following criteria:

1. Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.
2. The company should have a listing history of 6 months.
3. Companies that are allowed to trade in F&O segment are only eligible to be constituent of the index.
4. The company should have a minimum listing history of 1 month as on the cutoff date

The index was initially calculated on a full market capitalization methodology. On 26 June 2009, the computation was changed to a free-float methodology.^[10] The base period for the NIFTY 50 index is 3 November 1995, which marked the completion of one year of operations of the equity market segment on NSE. The base value of the index has been set at 1000 and a base capital of ₹ 2.06 trillion.^[11]

The index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 every year and average data for the previous six months from the cut-off date is considered to filter stocks. A notice of 4 weeks from the date of change is given to market participants so that they can prepare for any changes.

Record values

Category	All-time highs^[12]
	Value	Date
Closing	24,836.10	Monday, 29 July 2024
Intraday	24,999.75	Monday, 29 July 2024

Constituents

The Nifty 50 has the following constituents, as of 28 March 2024.

Company name	Symbol	Sector^[13]	Date added^[14]
Adani Enterprises	ADANIENT	Metals & Mining	30 September 2022
Adani Ports & SEZ	ADANIPORTS	Services	28 September 2015
Apollo Hospitals	APOLLOHOSP	Healthcare	31 March 2022
Asian Paints	ASIANPAINT	Consumer Durables	27 April 2012
Axis Bank	AXISBANK	Financial Services	27 March 2009
Bajaj Auto	BAJAJ-AUTO	Automobile and Auto Components	1 October 2010
Bajaj Finance	BAJFINANCE	Financial Services	29 September 2017
Bajaj Finserv	BAJAJFINSV	Financial Services	2 April 2018
Bharat Petroleum	BPCL	Oil Gas & Consumable Fuels	28 October 2002
Bharti Airtel	BHARTIARTL	Telecommunication	1 March 2004
Britannia Industries	BRITANNIA	Fast Moving Consumer Goods	29 March 2019
Cipla	CIPLA	Healthcare	7 October 1998
Coal India	COALINDIA	Oil Gas & Consumable Fuels	10 October 2011
Divi's Laboratories	DIVISLAB	Healthcare	25 September 2020
Dr. Reddy's Laboratories	DRREDDY	Healthcare	1 October 2010
Eicher Motors	EICHERMOT	Automobile and Auto Components	1 April 2016
Grasim Industries	GRASIM	Construction Materials	2 April 2018
HCLTech	HCLTECH	Information Technology	28 October 2002
HDFC Bank	HDFCBANK	Financial Services	22 April 1996
HDFC Life	HDFCLIFE	Financial Services	31 July 2020
Hero MotoCorp	HEROMOTOCO	Automobile and Auto Components	7 October 1998
Hindalco Industries	HINDALCO	Metals & Mining	22 April 1996
Hindustan Unilever	HINDUNILVR	Fast Moving Consumer Goods	22 April 1996
ICICI Bank	ICICIBANK	Financial Services	25 January 2002
IndusInd Bank	INDUSINDBK	Financial Services	1 April 2013
Infosys	INFY	Information Technology	7 October 1998
ITC	ITC	Fast Moving Consumer Goods	22 April 1996
JSW Steel	JSWSTEEL	Metals & Mining	28 September 2018
Kotak Mahindra Bank	KOTAKBANK	Financial Services	8 April 2010
Larsen & Toubro	LT	Construction	10 December 2004
LTIMindtree	LTIM	Information Technology	13 July 2023
Mahindra & Mahindra	M&M	Automobile and Auto Components	18 September 1996
Maruti Suzuki	MARUTI	Automobile and Auto Components	1 March 2004
Nestlé India	NESTLEIND	Fast Moving Consumer Goods	27 September 2019
NTPC	NTPC	Power	24 September 2007
Oil and Natural Gas Corporation	ONGC	Oil Gas & Consumable Fuels	12 April 2004
Power Grid	POWERGRID	Power	14 March 2008
Reliance Industries	RELIANCE	Oil Gas & Consumable Fuels	22 April 1996
SBI Life Insurance Company	SBILIFE	Financial Services	25 September 2020
Shriram Finance	SHRIRAMFIN	Financial Services	28 March 2024
State Bank of India	SBIN	Financial Services	22 April 1996
Sun Pharma	SUNPHARMA	Healthcare	17 January 2002
Tata Consultancy Services	TCS	Information Technology	25 February 2005
Tata Consumer Products	TATACONSUM	Fast Moving Consumer Goods	31 March 2021
Tata Motors	TATAMOTORS	Automobile and Auto Components	22 April 1996
Tata Steel	TATASTEEL	Metals & Mining	22 April 1996
Tech Mahindra	TECHM	Information Technology	28 March 2014
Titan Company	TITAN	Consumer Durables	2 April 2018
UltraTech Cement	ULTRACEMCO	Construction Materials	28 September 2012
Wipro	WIPRO	Information Technology	27 September 2013

Index changes

Changes in index constituents since Nifty 50 adopted free float criteria in 2009:

Constituent excluded	Constituent included	Date of replacement	Reason for exclusion	Ref
Grasim Industries	Kotak Mahindra Bank	8 April 2010	Demerger	^[15]
ABB India	Bajaj Auto	1 October 2010	Inadequate market capitalization	^[16]
Idea Cellular	Dr. Reddy's Laboratories		Inadequate market capitalization
Unitech	Sesa Goa		Inadequate market capitalization
Suzlon	Grasim Industries	25 March 2011	Inadequate market capitalization	^[17]
Reliance Capital	Coal India	10 October 2011	Inadequate market capitalization	^[18]
Reliance Communications	Asian Paints	27 April 2012	Inadequate market capitalization	^[19]
Reliance Power	Bank of Baroda		Inadequate market capitalization
Steel Authority of India	Lupin	28 September 2012	Inadequate market capitalization	^[20]
Sterlite Industries	UltraTech Cement		Inadequate market capitalization
Siemens	IndusInd Bank	1 April 2013	Inadequate market capitalization	^[21]
Wipro	NMDC		Demerger
Reliance Infrastructure	Wipro	27 September 2013	Inadequate market capitalization	^[22]
JP Associates	Tech Mahindra	28 March 2014	Inadequate market capitalization	^[23]
Ranbaxy Laboratories	United Spirits		Inadequate market capitalization
United Spirits	Zee Entertainment Enterprises	19 September 2014	Exclusion from F&O segment	^[24]
DLF	Idea Cellular	27 March 2015	Inadequate market capitalization	^[25]
Jindal Steel & Power	Yes Bank		Inadequate market capitalization
IDFC	Bosch India	29 May 2015	Demerger	^[26]
NMDC	Adani Ports & SEZ	28 September 2015	Inadequate market capitalization	^[27]
Cairn India	Aurobindo Pharma	1 April 2016	Merger	^[28]
Punjab National Bank	Bharti Infratel		Inadequate market capitalization
Vedanta	Eicher Motors		Merger
BHEL	Indiabulls Housing Finance	31 March 2017	Inadequate market capitalization	^[29]
Idea Cellular	Indian Oil Corporation		Inadequate market capitalization
Grasim Industries	Vedanta	26 May 2017	Demerger	^[30]
ACC	Bajaj Finance	29 September 2017	Inadequate market capitalization	^[31]
Bank of Baroda	Hindustan Petroleum		Inadequate market capitalization
Tata Power	UPL		Inadequate market capitalization
Ambuja Cements	Bajaj Finserv	2 April 2018	Inadequate market capitalization	^[32]
Aurobindo Pharma	Grasim Industries		Inadequate market capitalization
Bosch India	Titan Company		Inadequate market capitalization
Lupin	JSW Steel	28 September 2018	Inadequate market capitalization	^[33]
Hindustan Petroleum	Britannia Industries	29 March 2019	Inadequate market capitalization	^[34]
Indiabulls Housing Finance	Nestlé India	27 September 2019	Inadequate market capitalization	^[35]
Yes Bank	Shree Cement	19 March 2020	Reconstruction scheme	^[36]
Vedanta	HDFC Life	31 July 2020	Proposed delisting	^[37]
Zee Entertainment Enterprises	SBI Life Insurance Company	25 September 2020	Inadequate market capitalization
Bharti Infratel	Divi's Laboratories		Merger
GAIL	Tata Consumer Products	31 March 2021	Inadequate market capitalization	^[38]
Indian Oil Corporation	Apollo Hospitals	31 March 2022	Inadequate market capitalization	^[39]
Shree Cement	Adani Enterprises	30 September 2022	Inadequate market capitalization	^[40]
HDFC	LTIMindtree	13 July 2023	Merger	^[41]
UPL	Shriram Finance	28 March 2024	Inadequate market capitalization	^[42]

Major single day falls

Following are some of the notable single-day falls of the NIFTY 50 Index.

!Sl. No.!Date!Fall!Probable Reason

1	28 October 1997	88.20 points (7.87%)	Investors deserted emerging Asian shares during the Asian Financial Crisis. Crashes also occurred in Thailand, Indonesia, South Korea and Philippines.^[43]
2	14 May 2004	135.10 points (7.87%)	UPA election.
3	17 May 2004	193.5 points (12.24%)	UPA election.
4	21 January 2008	496.50 points (8.70%)	Due to the US subprime mortgage crisis.
5	22 January 2008	309.50 points (5.94%)	Due to the US subprime mortgage crisis.
6	16 August 2013	234.45 points (4.08%)	Due to depreciation of the Indian rupee.^[44] ^[45]
7	24 August 2015	490.95 points (5.92%)	Driven by the meltdown in the Chinese Stock market.^[46]
8	24 June 2016	181.85 points (2.20%)	Driven by the Brexit Referendum.^[47]
9	11 November 2016	229.45 points (2.69%)	Driven by the Demonetization move by the Indian Government and the 2016 US Election Results.^[48]
10	2 February 2018	256.30 points (2.33%)	Driven by the 2018 Union budget of India and Global breakdown.
11	4 October 2018	303.20 points (2.39%)	Panic Fall, due to Oil price Increase and rupee fall against US Dollar.
12	5 October 2018	282.80 points (2.67%)	Panic Fall, due to Oil price Increase and rupee fall against US Dollar.
13	8 July 2019	252.55 points (2.14%)	Due to Union Budget FY 2019.
15	3 September 2019	225.35 points (2.04%)	Due to Multiple PSU Bank Merger Announcements.^[49] ^[50]
16	1 February 2020	373.95 points (3.11%)	Driven by the Union Budget FY 2020 and coronavirus pandemic which saw global breakdown a day before the budget.^[51]
17	9 March 2020	538.00 points (4.90%)	Driven by the COVID-19 pandemic.^[52] ^[53]
18	12 March 2020	868.25 points (8.30%)	Driven by the COVID-19 pandemic after WHO declared it a pandemic.^[54]
19	16 March 2020	757.80 points (7.61%)	Driven by the COVID-19 pandemic.^[55]
20	23 March 2020	1135.20 points (12.98%)	Driven by the COVID-19 pandemic.^[56]
21	11 June 2020	214.15 points (2.12%)	Driven by the weak economic outlook as predicted by the United States Federal Reserve.^[57] ^[58]
22	26 Feb 2021	568.20 points (3.76%)	Global breakdown.
23	12 Apr 2021	524.05 points (3.53%)	Rise in daily COVID cases, speculation of complete lockdown in the Maharashtra state.
24	26 Nov 2021	509.80 points (2.91%)	New coronavirus strain found in South Africa.
25	20 Dec 2021	371.00 points (2.18%)
26	24 Jan 2022	468.05 points (2.66%)	Increasing geopolitical tensions and rising inflation (investors lost 19.33 lakh crore in market in a week).
27	14 Feb 2022	531.95 points (3.06%)	Russia-Ukraine tensions, US fed aggressive statements on rate hike and ABG shipyard fraud case.^[59]
28	17 January 2024	461 points (2.09%)	Its largest constituent by weightage (HDFC Bank at 11%) fell by more than 6% due to a poor earnings report.^[60]
29	4 June 2024	1379.40 points (5.93%)	The incumbent government secured fewer seats than was predicted by the 2024 Indian general elections exit polls.^[61]

Major single day gains

Following are some of the notable single-day gains of the NIFTY 50 Index.

!Sl. No.!Date!High!Probable reason

1	18 May 2009	651.50 points (17.74%)	Ovewhelmingly upbeat results of the 2009 Indian general election; caused multiple trading curbs.
2	20 May 2019	421.10 points (3.69%)	Exit Polls of 2019 General elections.
3	23 May 2019	300.90 points (2.49%)	Results of the 2019 General Elections in which NDA alliance wins.
4	8 August 2019	176.95 points (1.63%)	FPI surcharge rollback.^[62]
5	26 August 2019	234.45 points (2.16%)	Relief measures, likely US-China trade talks begin.^[63]
6	20 September 2019	655.45 points (6.12%)	Indian FM announced a cut in the corporate tax rate for domestic companies and new domestic manufacturing companies.^[64]
7	23 September 2019	420.65 points (3.73%)	Following a corporate tax cut in India.
8	7 April 2020	708.40 points (8.76%)	Positive news that infection numbers were peaking in some of the worst affected areas around the world.^[65]
9	1 Feb 2021	646.60 points (4.74%)	Union budget day by Nirmala Sitharaman.^[66]
10	2 Feb 2021	366.65 points (2.57%)	Union budget reaction.
11	15 Feb 2022	509.65 points (3.03%)	Russia withdraws troops from Ukraine border.^[67]
12	3 June 2024	733.20 points (3.25%)	Exit polls predicted a win for the incumbent government in the 2024 Indian general elections^[68]
13	5 June 2024	735.87 points (3.36%)	2024 Indian general election^[69]

Annual returns

The following table shows the annual development of the NIFTY 50 since 2000.^{[70] [71]} The historical daily returns data can be accessed from the NSE website.^[72]

Year	Closing level	Change in Index in Points	Change in Index in %
2000	1,263.55	−216.90	−14.65
2001	1,059.05	−204.50	−13.94
2002	1,093.50	34.45	3.25
2003	1,879.75	786.25	71.90
2004	2,080.50	200.75	10.68
2005	2,836.55	756.05	36.34
2006	3,966.40	1,129.85	39.83
2007	6,138.60	2,172.20	54.77
2008	2,959.15	−3,179.45	−51.79
2009	5,201.05	2,241.90	75.76
2010	6,134.50	933.45	17.95
2011	4,624.30	−1,510.20	−24.62
2012	5,905.10	1,280.80	27.70
2013	6,304.00	398.90	6.76
2014	8,282.70	1,978.70	31.39
2015	7,964.35	−336.35	−4.06
2016	8,185.80	239.45	3.01
2017	10,530.70	2,344.90	28.65
2018	10,862.55	331.85	3.15
2019	12,168.45	1,305.90	12.02
2020	13,981.75	1,813.30	14.90
2021	17,354.05	3,372.30	24.12
2022	18,105.30	751.25	4.32
2023	21,731.40	3621.1	20.02

Derivatives

Trading in futures and options on the NIFTY 50 is offered by the NSE and NSE International Exchange (NSEIX).^{[73] [74]} NSE offers weekly as well as monthly expiry options. It is the second most traded index option in the world after Nifty Bank.^[75]

NSE allows international traders to trade on the NIFTY 50 by GIFT NIFTY. The same index had previously operated under the name SGX Nifty, and was traded on the Singapore Exchange. It was rebranded to GIFT Nifty on 3 July 2023 and trading was moved to the NSE International Exchange (NSEIX) situated in GIFT City, Gandhinagar.^{[76] [77]} The CEO of NSEIX called it a watershed moment since it was the first time India got back an international contract which had previously been exported.

NIFTY Next 50

See main article: NIFTY Next 50. NIFTY Next 50, also called NIFTY Junior, is an index of 50 companies whose free float market capitalisation comes after that of the companies in NIFTY 50. NIFTY Next 50 constituents are thus potential candidates for future inclusion in NIFTY 50.^[78]

See also

• NSE Indices
• BSE SENSEX
• GIFT Nifty
• List of companies listed on the National Stock Exchange of India

External links

• Bloomberg page for NIFTY:IND
• NSE official site

Notes and References

1. Web site: NSE Indices . live . https://web.archive.org/web/20240412191903/https://archives.nseindia.com/content/indices/ind_nifty50.pdf . 2024-04-12 . 2024-04-13 . National Stock Exchange of India.
2. Web site: Broadmarket indices – NIFTY 50 Index . live . https://web.archive.org/web/20190421182544/https://www.nseindia.com/products/content/equities/indices/nifty_50.htm . 21 April 2019 . 2023-03-04 . .
3. Web site: Corporate structure . live . https://web.archive.org/web/20200725150256/https://www.nseindia.com/structure-key-personnel/corporate-structure . 2020-07-25 . 2020-06-25 . National Stock Exchange of India.
4. Web site: About NSE Indices . live . https://web.archive.org/web/20200113084405/https://www.nseindia.com/nse-indices . 2020-01-13 . 2024-07-08 . National Stock Exchange of India.
5. Web site: NSE Equity Derivatives Contract Specifications . live . https://web.archive.org/web/20190816215703/https://www.nseindia.com/products/content/derivatives/equities/contract_specifitns.htm . 2019-08-16 . 2019-08-16 . National Stock Exchange of India.
6. Web site: Taparia . Vidhi . 2023-07-10 . What is 'GIFT Nifty' — the new avatar of the India-Singapore joint stock exchange, now in Gujarat . live . https://web.archive.org/web/20230904153909/https://theprint.in/theprint-essential/what-is-gift-nifty-the-new-avatar-of-the-india-singapore-joint-stock-exchange-now-in-gujarat/1660722/ . 2023-09-04 . 2024-04-12 . . en-US.
7. Sudhin . Serah . September 2017 . The Journey of Nifty-Fifty . dead . International Journal of Academic Research and Development . 2 . 5 . 4 . 2455-4197 . https://web.archive.org/web/20210107231956/http://www.academicjournal.in/download/691/2-5-63-604.pdf . 2021-01-07 . 2021-01-06.
8. News: Nifty Options most actively traded globally for index options in 2015 . 13 August 2024 . Business Today . 13 May 2016 . en.
9. News: Raj . Shubham . NSE largest derivatives exchange for 3rd year, Nifty Bank most traded index option . 13 August 2024 . The Economic Times . 19 January 2022.
10. News: 2009-03-25 . Free float m-cap to decide Nifty value . live . https://web.archive.org/web/20240412192946/https://economictimes.indiatimes.com/free-float-m-cap-to-decide-nifty-value/articleshow/4311871.cms . 2024-04-12 . 2024-04-12 . . 0013-0389.
11. Web site: NSE – National Stock Exchange of India Ltd.. Nseindia.com. 18 May 2016. 1 July 2022. https://web.archive.org/web/20220701145358/https://www1.nseindia.com/products/content/equities/indices/indices.htm. live.
12. Web site: 2024-07-29 . Sensex, Nifty retreat from record highs to close flat ahead of key US Fed rate decision . live . https://archive.today/20240730034004/https://www.thehindu.com/business/markets/sensex-nifty-retreat-from-record-highs-to-close-flat-ahead-of-key-us-fed-rate-decision/article68460317.ece . 2024-07-30 . 2024-07-30 . . en-IN.
13. Web site: Index Constituent - Nifty 50 . live . https://web.archive.org/web/20240524073805/https://www.niftyindices.com/IndexConstituent/ind_nifty50list.csv . 2024-05-24 . 2024-07-01 . NSE Indices.
14. Web site: Index Inclusion Exclusion . live . https://web.archive.org/web/20240609183107/https://www.niftyindices.com/Monthly_Report/IndexInclExcl.xls . 2024-06-09 . 2024-02-15 . NSE Indices.
15. News: Bhayani . Rajesh . 2013-01-21 . Nifty, Sensex a long way from truly representing the economy . live . https://web.archive.org/web/20240224134057/https://www.business-standard.com/article/markets/nifty-sensex-a-long-way-from-truly-representing-the-economy-110041400036_1.html . 2024-02-24 . 2024-02-13 . Business Standard.
16. News: 2010-09-30 . Nifty-50 to include Sesa Goa, Bajaj Auto, Dr Reddy's from Oct 1 . live . https://web.archive.org/web/20211221102618/https://www.business-standard.com/article/economy-policy/nifty-50-to-include-sesa-goa-bajaj-auto-dr-reddy-s-from-oct-1-110093000206_1.html . 2021-12-21 . 2021-12-21 . Business Standard.
17. News: 2011-02-10 . Grasim replaces Suzlon in Nifty . live . https://web.archive.org/web/20211221102617/https://www.thehindubusinessline.com/markets/stock-markets/Grasim-replaces-Suzlon-in-Nifty/article20093044.ece . 2021-12-21 . 2021-12-22 . . en.
18. News: 2011-08-25 . Coal India to replace Reliance Capital stock in Nifty 50 from Oct 10 . live . https://web.archive.org/web/20211221060557/https://economictimes.indiatimes.com/markets/stocks/news/coal-india-to-replace-reliance-capital-stock-in-nifty-50-from-oct-10/articleshow/9737210.cms . 2021-12-21 . 2021-12-21 . The Economic Times.
19. News: 2017-11-14 . RCom, RPower to go out of Nifty-50 from April 27 . live . https://web.archive.org/web/20240609183101/https://www.thehindubusinessline.com/markets/stock-markets/RCom-RPower-to-go-out-of-Nifty-50-from-April-27/article20408576.ece . 2024-06-09 . 2021-12-21 . . en.
20. News: 2012-09-27 . SAIL, Sterlite make way for UltraTech, Lupin on Nifty . live . https://web.archive.org/web/20211221055230/https://www.hindustantimes.com/business/sail-sterlite-make-way-for-ultratech-lupin-on-nifty/story-4D5OeIPcwEZiOqdaqFGWfP.html . 2021-12-21 . 2021-12-21 . . en.
21. News: Shah . Ami . 2013-02-14 . Wipro, Siemens to be excluded from Nifty from 1 April . live . https://web.archive.org/web/20240224134057/https://www.livemint.com/Money/ZDerOoTnc1lSYIVcoHMsDN/Wipro-Siemens-shares-fall-after-removal-from-NSE-index.html . 2024-02-24 . 2024-01-27 . . en.
22. News: 2013-08-27 . Wipro to enter Nifty from September 27; Reliance Infrastructure to exit . live . https://web.archive.org/web/20211221054006/https://economictimes.indiatimes.com/markets/stocks/news/wipro-to-enter-nifty-from-september-27-reliance-infrastructure-to-exit/articleshow/22100423.cms . 2021-12-21 . 2021-12-21 . The Economic Times.
23. News: 2014-02-27 . Ranbaxy, JP Associates to exit Nifty from Mar 28 . live . https://web.archive.org/web/20211221071918/https://www.business-standard.com/article/pti-stories/ranbaxy-jp-associates-to-exit-nifty-from-mar-28-114022700872_1.html . 2021-12-21 . 2021-12-21 . Business Standard.
24. News: 2014-08-20 . Zee Entertainment to Replace United Spirits in Nifty From September 19 . live . https://web.archive.org/web/20211220144030/https://www.ndtv.com/business/zee-entertainment-to-replace-united-spirits-in-nifty-from-september-19-651117 . 2021-12-20 . 2021-12-20 . NDTV.
25. News: 2015-02-23 . DLF, JSPL shares fall on exit from Nifty from March 27 . live . https://web.archive.org/web/20211220144859/https://economictimes.indiatimes.com/markets/stocks/news/dlf-jspl-shares-fall-on-exit-from-nifty-from-march-27/articleshow/46344723.cms . 2021-12-20 . 2021-12-20 . The Economic Times.
26. News: 2014-04-29 . IDFC to exit Nifty index; Bosch new replacement . live . https://web.archive.org/web/20240224134057/https://economictimes.indiatimes.com/markets/stocks/news/idfc-to-exit-nifty-index-bosch-new-replacement/articleshow/47100058.cms . 2024-02-24 . 2024-01-27 . The Economic Times.
27. News: 2015-08-12 . Adani Ports to replace NMDC on Nifty from September 28 . live . https://web.archive.org/web/20211220142546/https://economictimes.indiatimes.com/markets/stocks/news/adani-ports-to-replace-nmdc-on-nifty-from-september-28/articleshow/48455761.cms . 2021-12-20 . 2021-12-20 . The Economic Times.
28. News: 2016-02-23 . NSE exchange to add 4 companies, drop Cairn India, Vedanta, PNB from index . live . https://web.archive.org/web/20211220142541/https://economictimes.indiatimes.com/markets/stocks/news/nse-exchange-to-add-4-companies-drop-cairn-india-vedanta-pnb-from-index/articleshow/51094595.cms . 2021-12-20 . 2021-12-20 . The Economic Times.
29. News: 2017-02-16 . IOC, IBHFL to replace Idea, BHEL in NSE Nifty50 from March 31 . live . https://web.archive.org/web/20211220144255/https://www.business-standard.com/article/markets/ioc-ibhfl-to-replace-idea-bhel-in-nse-nifty50-from-march-31-117021600934_1.html . 2021-12-20 . 2021-12-20 . Business Standard.
30. News: 2018-01-12 . Grasim out, Vedanta in Nifty 50 index . live . https://web.archive.org/web/20211221054007/https://www.thehindubusinessline.com/markets/stock-markets/grasim-out-vedanta-in-nifty-50-index/article9712683.ece . 2021-12-21 . 2021-12-21 . . en.
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