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Nifty Healthcare Index
Nifty Healthcare Index Performance
-
Open
14,492.80
-
High
14,556.40
-
Low
14,413.45
-
Prev Close
14,445.20
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Dividend Yeild
0.52%
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P/E
42.58
Nifty Healthcare Index 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 |
|---|---|---|---|---|
| Abbott India Ltd | ₹60119 Cr |
₹28527.25
(1.45%)
|
13733 | Pharmaceuticals |
| Cipla Ltd | ₹127063 Cr |
₹1576.65
(0.83%)
|
1906267 | Pharmaceuticals |
| Apollo Hospitals Enterprise Ltd | ₹106754 Cr |
₹7437.3
(0.22%)
|
371366 | Healthcare |
| Dr Reddys Laboratories Ltd | ₹107398 Cr |
₹1270.25
(0.62%)
|
549733 | Pharmaceuticals |
| Lupin Ltd | ₹96282 Cr |
₹2120
(0.38%)
|
1171416 | Pharmaceuticals |
Nifty Healthcare Index Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| IT - Hardware | 1.52 |
| Healthcare | 0.02 |
| IT - Software | 0.1 |
| Readymade Garments/ Apparells | 0.38 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | -0.53 |
| Leather | -0.47 |
| Ceramic Products | -0.96 |
| Dry cells | -0.73 |
Nifty Healthcare Index
A stock market index is a tool used to measure the performance of a specific group of stocks, representing a particular sector, market, or economy. It helps investors gauge market trends, make informed decisions, and benchmark the performance of their investments. Indices are typically created by selecting companies based on criteria such as market capitalization, liquidity, and sector representation.
They are periodically rebalanced to ensure they reflect the latest market conditions. Stock indices serve as a key reference for investors, offering insights into the health and direction of specific industries or the overall economy.
What is the Nifty Healthcare Index?
The NIFTY Healthcare Index tracks the real-time performance of the healthcare sector in India. Comprising 20 stocks listed on the NSE, the index includes companies from sectors such as Biotechnology, Pharmaceuticals, Healthcare Services, Hospitals, Medical Equipment, and Pharmacy Retail.
With a base date of April 1, 2005, and a base value of 1,000, the index has surpassed the 7,000 mark at ~36x P/E multiples since its inception. The index is reconstituted semi-annually, with individual stocks capped at 33% weightage, ensuring balanced representation. It is owned and managed by NSE Indices Limited.
How is the Nifty Healthcare Index Value Calculated?
The NIFTY Healthcare Index value is calculated using the formula:
Index Value = Current Index Market Capitalization / (Base Free Float Market Capitalization * Base Index Value)
Current Index Market Capitalization is derived from the number of shares outstanding, multiplied by the Investible Weight Factor (IWF), capping factor, and price. Since the index follows the market capitalization method, the IWF is set at 1.
Stocks may be removed due to suspension, delisting, or corporate events like mergers, demergers, or acquisitions. This process ensures the index accurately reflects the current dynamics of the Healthcare Indexing sector.
Nifty Healthcare Index Scrip Selection Criteria
To be considered for inclusion in the NIFTY Healthcare index, securities must meet several key eligibility criteria. First, the stock must be listed on the National Stock Exchange (NSE) and be a part of the NIFTY 500 index. It should also belong to the healthcare sector and rank among the top 20 stocks based on average float-adjusted market capitalization on NSE’s Futures and Options (F&O) segment.
If the number of eligible stocks falls below 20, the deficit will be filled by selecting stocks based on the average free-float market capitalization of the previous six months from NIFTY 500 constituents. New securities may be added if their float-adjusted market capitalization is at least 1.5 times greater than the smallest constituent in the index.
Additionally, no single stock can exceed a weightage of 33%, and the combined weight of the top three stocks cannot surpass 62%. These caps are reviewed and realigned quarterly in March, June, September, and December to maintain balance within the index.
Furthermore, the NIFTY Healthcare index is screened quarterly to ensure compliance with SEBI’s norms on portfolio concentration for Exchange-Traded Funds (ETFs) and Index Funds, ensuring a balanced and compliant portfolio.
How does the Nifty Healthcare Index work?
The Nifty Healthcare Index tracks the performance of 20 leading healthcare companies listed on the National Stock Exchange (NSE). To be included, stocks must be part of the healthcare sector, listed on the NSE, and rank in the top 20 based on float-adjusted market capitalization.
The index is reconstituted semi-annually, ensuring it reflects the latest market conditions, with individual stock weightages capped at 33% and the top three stocks capped at 62%. These weight caps are adjusted quarterly in March, June, September, and December. The index provides real-time insights into the healthcare sector's performance and is regularly screened for compliance with SEBI norms for portfolio concentration.
What are the Benefits of Investing in the Nifty Healthcare Index?
Investing in the Nifty Healthcare Index offers several key benefits. It provides diversified exposure to 20 leading healthcare companies across sectors like pharmaceuticals, biotechnology, hospitals, and medical equipment. This diversification reduces risk by spreading investments across multiple areas of the healthcare industry. The index consists of well-established companies that are essential to India's healthcare system, offering stability and growth potential.
Additionally, the index is reconstituted semi-annually and rebalanced quarterly, ensuring it stays current with market trends. For investors seeking long-term growth in a vital sector, the Nifty Healthcare Index offers a focused, yet balanced, investment option.
What is the History of the Nifty Healthcare Index?
The Nifty Healthcare Index was launched on November 18, 2020, by the National Stock Exchange (NSE) to track the performance of India's healthcare sector. With a base date of April 1, 2005, and a base value of 1,000 points, the index was designed to provide a comprehensive view of the health and wellness industry, including sectors like pharmaceuticals, biotechnology, hospitals, and medical equipment.
It consists of 20 top healthcare companies listed on the NSE and is reconstituted semi-annually to reflect market changes. The index has grown steadily since its inception, offering investors exposure to a crucial and growing sector of the Indian economy.
Other Indices
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| India VIX | 14.7375 | -0.2 (-1.36%) |
| Nifty 10 Yr Benchmark G-Sec | 2418.2 | 2.38 (0.1%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 888.45 | 0.72 (0.08%) |
| Nifty 100 | 25051.05 | -59.65 (-0.24%) |
| Nifty 100 Equal Weight | 32405.15 | -135.95 (-0.42%) |
Faqs
How To Invest in Nifty Healthcare Index Stocks?
To invest in Nifty Healthcare Index stocks, you can buy individual stocks listed in the index through a Demat account. Alternatively, you can invest in ETFs or index funds that track the Nifty Healthcare Index, offering a diversified and cost-effective way to gain exposure to top large-cap companies.
What are Nifty Healthcare Index stocks?
Nifty Healthcare Index stocks are the top 20 healthcare companies listed on the NSE, covering sectors like pharmaceuticals, biotechnology, hospitals, medical equipment, and healthcare services.
Can you trade shares on Nifty Healthcare Index?
Yes, you can trade shares of companies listed in the Nifty Healthcare Index through a Demat account. You can buy and sell these stocks during market hours like any other listed stock. Additionally, you can invest in ETFs or index funds based on the Nifty Healthcare Index for broader exposure.
In which year was the Nifty Healthcare Index launched?
The Nifty Healthcare Index was launched in November 2020 by the National Stock Exchange.
Can we buy the Nifty Healthcare Index and sell it tomorrow?
Yes, you can buy Nifty Healthcare Index stocks and sell them the next day, following the BTST (Buy Today, Sell Tomorrow) strategy. This allows you to take advantage of short-term price movements without waiting for the usual settlement period.
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