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FINNIFTY
FINNIFTY Performance
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Open
23,834.45
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High
23,958.15
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Low
23,525.75
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Prev Close
23,906.60
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Dividend Yeild
0.91%
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P/E
16.35
FINNIFTY Chart
FINNIFTY F&O
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 |
|---|---|---|---|---|
| State Bank of India | ₹725125 Cr |
₹812
(1.69%)
|
13701816 | Banks |
| Shriram Finance Ltd | ₹107995 Cr |
₹2877.25
(1.57%)
|
1361995 | Finance |
| Cholamandalam Investment & Finance Company Ltd | ₹99910 Cr |
₹1189.55
(0.17%)
|
1677419 | Finance |
| Kotak Mahindra Bank Ltd | ₹346646 Cr |
₹1743.55
(0.11%)
|
4194656 | Banks |
| Bajaj Finance Ltd | ₹423183 Cr |
₹6848.25
(0.53%)
|
1006428 | Finance |
FINNIFTY Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| IT - Hardware | 0.45 |
| Oil Drill/Allied | 0.46 |
| Ship Building | 2.36 |
| Insurance | 0.83 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | -2.38 |
| Leather | -0.77 |
| Ceramic Products | -2.37 |
| Healthcare | -1.83 |
NIFTY Financial Services
The Nifty Financial Services Index, commonly referred to as Finnifty, is a crucial benchmark in India's financial sector, representing the top 20 companies across various financial domains, including banking, insurance, NBFCs, and housing finance. Launched by the National Stock Exchange (NSE), Finnifty offers investors a comprehensive view of the financial services industry's performance.
With banks making up a significant portion of the index, alongside other major financial institutions, Finnifty serves as a barometer for the health and trends within the sector. The index not only provides insights into market movements but also offers opportunities for investors to capitalize on the growth of India's financial services landscape.
What is the Nifty Financial Services Index?
The Nifty Financial Services Index, also known as Finnifty, is similar to the Nifty 50 but focuses exclusively on the stocks of financial institutions. Launched by the National Stock Exchange, it comprises 20 stocks from banks, insurance companies, NBFCs, housing finance companies, and other financial service firms.
Like the Nifty 50, stocks in Finnifty are selected based on their free-float market capitalization, which is calculated by multiplying the stock price by the number of outstanding shares available in the market. The index is updated every six months to reflect current market conditions.
How is the Nifty Financial Services Index Value Calculated?
The FINNIFTY index, like other stock indices, determines its value using market capitalization, which reflects the total market value of a company's outstanding shares. To maintain accuracy and fairness, FINNIFTY employs a free-float market capitalization-weighted method, considering only shares available for public trading and excluding those held by promoters or locked-in. This ensures a more accurate representation of each company’s market presence.
The weight of each company in the index is regularly adjusted based on market fluctuations and reviews. To prevent any single company from disproportionately influencing the index, FINNIFTY caps the weight of any individual stock at 33%, with the top three stocks together limited to 62% of the total index weight. New companies are added if their average free-float market capitalization is at least 1.5 times that of the smallest constituent. Regular updates keep FINNIFTY closely aligned with the evolving financial services sector.
Nifty Financial Services Scrip Selection Criteria
● Eligibility: Constituent stocks must be part of the Nifty 500 and represent sectors like banking, financial institutions, housing finance, and other financial services.
● Subsector Weights: The weight of each subsector is calculated based on average free-float market capitalization.
● Selection of Companies: 20 companies are selected from each subsector to match the subsector's overall weight.
● F&O Preference: Preference is given to companies available for trading in NSE’s Futures & Options segment.
● Market Capitalization Requirement: Companies must have an average free-float market capitalization at least 1.5 times that of the smallest index constituent.
● Stock Weightage: The weight of each stock is based on its free-float market capitalization, with a maximum of 33% for any single stock and a cumulative maximum of 62% for the top three stocks at rebalancing.
How does Nifty Financial Services work?
Nifty Financial Services, commonly referred to as FINNIFTY, is a specialized stock market index that tracks the performance of the top 20 companies within India's financial sector, including banks, insurance companies, NBFCs, and housing finance firms. The index is designed to reflect the overall health of the financial services industry.
FINNIFTY uses a free-float market capitalization-weighted method to determine the value of its constituents. This means that only the shares available for public trading are considered, excluding those held by promoters or locked in. The weight of each company in the index is adjusted regularly based on market changes. To prevent any one company from having too much influence, the maximum weight for any single stock is capped at 33%, and the combined weight of the top three stocks cannot exceed 62%. The index is reviewed and updated regularly to ensure it accurately represents the current financial market landscape.
What are the Benefits of Investing in the Nifty Financial Services?
Investing in the Nifty Financial Services Index (FINNIFTY) offers several benefits, particularly for those looking to gain exposure to India's financial sector. This index includes the top 20 companies across various financial subsectors, such as banking, insurance, and NBFCs, providing investors with a diversified portfolio within the financial industry.
One key advantage is the potential for growth, as the financial sector often reflects the broader economy's performance. By investing in FINNIFTY, you gain access to well-established and leading financial institutions, which tend to be more resilient during economic fluctuations. Additionally, the index is regularly reviewed and updated to ensure it remains aligned with market trends, providing a dynamic and up-to-date investment option.
Furthermore, FINNIFTY offers liquidity and ease of trading, making it an attractive choice for both short-term traders and long-term investors seeking to capitalize on the growth of India's financial sector.
What is the History of the Nifty Financial Services?
The Nifty Financial Services Index, commonly known as FINNIFTY, was introduced by the National Stock Exchange (NSE) as a specialized index to track the performance of India's financial sector. Launched in January 2021, FINNIFTY includes the top 20 companies from various financial services subsectors, such as banking, insurance, NBFCs, and housing finance.
The index was created to provide investors with a focused benchmark that reflects the health and growth of the financial services industry, which is a critical component of the Indian economy. By tracking companies with the highest free-float market capitalization in the sector, FINNIFTY offers a comprehensive view of the financial market's performance. Over time, the index has become a popular choice for investors looking to gain exposure to this vital sector, providing insights into the broader economic trends influencing the financial landscape in India.
Other Indices
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| India VIX | 15.0725 | 0.56 (3.88%) |
| Nifty 10 Yr Benchmark G-Sec | 2436.33 | -0.21 (-0.01%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 888.11 | -0.25 (-0.03%) |
| Nifty 100 | 24448.85 | -436.1 (-1.75%) |
| Nifty 100 Alpha 30 Index | 18425 | -482.25 (-2.55%) |
Faqs
How To Invest in Nifty Financial Services Stocks?
To invest in Nifty Financial Services stocks, start by opening a Demat and trading account. Once your account is set up, research the top 20 companies in the Nifty Financial Services Index. You can then place buy orders for the stocks you're interested in through your trading account. Regularly monitor your investments to stay informed about market trends and make adjustments as needed.
What are Nifty Financial Services stocks?
Nifty Financial Services stocks are the top 20 companies listed on the National Stock Exchange (NSE) that represent India's financial sector. These companies include leading banks, insurance firms, non-banking financial companies (NBFCs), and housing finance institutions. The Nifty Financial Services Index tracks the performance of these stocks, providing a snapshot of the financial services industry's health and trends in India.
Can you trade shares on Nifty Financial Services?
Yes, you can trade shares of companies listed on the Nifty Financial Services Index. These shares represent the top 20 financial companies on the National Stock Exchange (NSE), including banks, insurance firms, and NBFCs. You can buy and sell these shares during market hours through a Demat and trading account, just like any other stocks on the NSE.
In which year was the Nifty Financial Services Index launched?
The Nifty Financial Services Index, also known as FINNIFTY, was launched in January 2021 by the National Stock Exchange (NSE). This index tracks the performance of the top 20 financial companies in India, including banks, insurance firms, and NBFCs.
Can we buy Nifty Financial Services and sell it tomorrow?
Yes, you can buy shares of companies listed in the Nifty Financial Services Index and sell them the next day. Using a trading account, you can purchase these stocks during market hours and sell them the following day, depending on market conditions and your investment strategy.
Latest News
- Dec 20, 2024
The Indian stock markets continued their downward spiral on December 20, as both the Sensex and Nifty faced sharp declines. The selloff was triggered by hawkish commentary from the U.S. Federal Reserve, persistent FII (Foreign Institutional Investor) selling, and concerns over high valuations.
- Dec 20, 2024
Dealmakers anticipate that the momentum behind new share sales in India, now the leading market globally for initial public offerings (IPOs), along with Australia’s resurgence in 2025, will offset the sluggish performance of Chinese deals in the Asia-Pacific region.
- Dec 20, 2024
On December 20, the Nifty approached a technical correction, nearing a 10% decline from its peak, while the Sensex shed close to 1,300 points from its intraday high due to widespread sectoral downturns that heightened market anxiety. Nifty IT emerged as the weakest sector, declining over 2% despite Accenture's stronger-than-expected Q1 earnings report.
- Dec 20, 2024
President-elect Donald Trump has issued a warning to the European Union, threatening tariffs if its member nations fail to increase their purchases of American oil and gas.
Latest Blogs
Swing Trading Stocks for the Week iJoin the club of lakhs of tech savvy investors!
- Dec 20, 2024
Trading Setup For 23rd December 2024 The Nifty index experienced a significant decline on Friday, ending the week at 23,587.50, down by 1.52% after a flat opening. The broader market sentiment was bearish, with notable selling pressure across midcap and smallcap stocks, both falling over 2%. All sectoral indices closed in the red, with the Nifty IT index plunging 2.6%, wiping out earlier gains despite Accenture's positive outlook.
- Dec 20, 2024
The Identical Brains IPO allotment status date is 23rd December 2024. Currently, the allotment status is not available. It will be updated once the allotment process is finalized. Please check back later for the latest updates on the Identical Brains IPO allotment status.
- Dec 20, 2024
Trading Setup For 20th December 2024 The Nifty50 benchmark index extended its losing streak for the fourth consecutive day as a hawkish stance by the Federal Reserve triggered a global sell-off. After a gap-down opening on Thursday, the index traded sideways for most of the session, closing at 23,951.70, down 1.02%.
- Dec 20, 2024
