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Nifty Midcap Select

12823.4502
As on 27 Dec 2024 09:49 AM

Nifty Midcap Select Performance

  • Open

    12,819.10

  • High

    12,855.20

  • Low

    12,817.20

  • Prev Close

    12,791.65

  • Dividend Yeild

    0.81%

  • P/E

    51.07

Nifty Midcap Select Chart

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Stocks Performance
ASHOKLEY
222.6
1.12%
BHARATFORG
1339.7
1.94%
COLPAL
2737.85
0.69%
INDHOTEL
863.45
-0.57%
CUMMINSIND
3380
0.47%
MRF
132491.85
0.98%
SRF
2278
0.7%
VOLTAS
1717.85
0.38%
HINDPETRO
418.45
-0.2%
PIIND
3736.85
-0.24%
LUPIN
2212
1.37%
MPHASIS
2909.15
0.02%
FEDERALBNK
198.8
0.56%
AUROPHARMA
1265
0.7%
CONCOR
783.45
0.91%
GODREJPROP
2872.35
0.57%
PERSISTENT
6396.1
0%
HDFCAMC
4285.4
0.37%
IDEA
7.56
0%
COFORGE
9462.05
-0.33%
POLYCAB
7143.85
-0.01%
AUBANK
552.8
0.82%
DIXON
18021.55
-0.09%
INDUSTOWER
335.55
0.96%
IDFCFIRSTB
62.3
0.89%

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

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Nifty Midcap Select Sector Performance

Top Performing

Under Performing

Nifty Midcap Select

The Nifty Midcap Select is a prominent stock market index consisting of highly liquid shares from a select group of mid-cap companies in India. It captures the performance of 25 stocks chosen from the Nifty Midcap 150 Index based on market capitalization and daily trading activity. 

Covering various sectors, the index provides investors with insights into top mid-cap companies driving the Indian economy. Additionally, futures and options contracts are actively traded with this index as the underlying asset, making it a valuable tool for traders and investors alike. Following the Nifty Midcap Select is ideal for those looking to monitor and invest in India's mid-cap segment.

What is the Nifty Midcap Select Index?

The Nifty Midcap Select Index, launched on September 14, 2021, by NSE Indices Limited, tracks the performance of 25 liquid midcap stocks chosen from the Nifty Midcap 150 Index. Stocks are selected based on market capitalization, average daily turnover, and the availability of derivative contracts.

 The index covers 13 sectors, including Capital Goods, Financial Services, IT, and Healthcare. It serves as a benchmark for fund portfolios and supports the launch of ETFs, index funds, and structured products. Futures and options on the index are also available for hedging.

How is the Nifty Midcap Select Index Value Calculated?

The Nifty Midcap Select Index is calculated in real-time by weighting its 25 constituent stocks based on free-float market capitalization relative to a base value. The formula used is:

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

Here, the free-float market capitalization considers shares outstanding, the Investible Weight Factor (IWF), capping factor, and current stock prices. The index is reviewed semi-annually, in January and July, based on six months of data, with changes implemented on the last trading day of March and September. Stocks are replaced if they no longer qualify for futures and options (F&O) trading or due to corporate actions.
 

Nifty Midcap Select Scrip Selection Criteria

To be included in the Nifty Midcap Select Index, stocks must first be part of the Nifty Midcap 150 and be available for trading in the NSE F&O segment. The index will compulsorily include the top 10 stocks from the Reranked Universe based on their 6-month average full market capitalization.

New securities are added if their 6-month average float-adjusted market capitalization is at least 1.5 times that of the smallest constituent. Stocks will be excluded if they are not part of the Reranked Universe or if their rank falls below 30 based on market capitalization. If eligible stocks fall below 20, the universe will be expanded to the top 60, and then the top 70, if necessary.
 

How does Nifty Midcap Select work?

The Nifty Midcap Select Index tracks the performance of 25 highly liquid mid-cap stocks chosen from the Nifty Midcap 150 Index. Stocks are selected based on their market capitalization, daily turnover, and availability for futures and options (F&O) trading. The index covers 13 sectors, providing a diverse representation of mid-cap companies in India.

The index is reviewed semi-annually, in January and July, based on six months of data. Any changes, including stock replacements, are implemented on the last trading day of March and September. If a stock is excluded from the F&O segment or experiences a significant drop in market capitalization, it may be replaced. The index serves as a key tool for benchmarking, ETFs, and index funds, and also supports F&O contracts for hedging.
 

What are the Benefits of Investing in the Nifty Midcap Select?

The Nifty Midcap Select Index offers several key advantages for investors. Since its stocks are eligible for futures and options (F&O) trading, they tend to be highly liquid in the cash segment, reducing liquidity risk. Traders can analyse derivative price trends for more informed buy/sell decisions. Additionally, combining F&O strategies with regular stock trading can help hedge risks.

The index provides an extra opportunity for options traders, with expiries on Wednesdays, complementing Nifty 50, Nifty Bank, and Nifty Financial Services expiries on other weekdays. Moreover, no transaction charges are levied on F&O contracts for the index until September 30, 2023. As a growing benchmark for the mid-cap segment, the index is attracting increasing attention from investors.
 

What is the History of the Nifty Midcap Select?

The Nifty Midcap Select Index was launched on September 14, 2021 by NSE to track the performance of 25 highly liquid mid-cap stocks selected from the Nifty Midcap 150 Index. Its base date is October 3, 2005, with a base value of 1000. The index was introduced to provide investors with exposure to the most liquid mid-cap stocks in India, ensuring a balance between liquidity and growth potential. 

Since its inception, it has become an important benchmark for the mid-cap segment, offering a foundation for ETFs, index funds, and structured products, while also supporting futures and options contracts for trading and hedging.
 

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Faqs

How To Invest in Nifty Midcap Select Stocks?

To invest in Nifty Midcap Select stocks, you can buy individual stocks from the index through a Demat account. Alternatively, you can invest in ETFs or index funds that track the Nifty Midcap Select Index, offering diversified exposure to all 25 stocks in the index.
 

What are Nifty Midcap Select stocks?

Nifty Midcap Select stocks are the top 25 liquid mid-cap companies selected from the Nifty Midcap 150 Index. These stocks are chosen based on market capitalization, daily turnover, and their availability for futures and options (F&O) trading, offering liquidity and growth potential.
 

Can you trade shares on Nifty Midcap Select?

Yes, you can trade shares of companies listed in the Nifty Midcap Select Index directly through a Demat account. Additionally, you can trade futures and options (F&O) contracts on the index for hedging or speculative purposes.
 

In which year was the Nifty Midcap Select Index launched?

The Nifty Midcap Select Index was launched on September 14, 2021 by NSE.
 

Can we buy Nifty Midcap Select and sell it tomorrow?

Yes, you can buy shares of Nifty Midcap Select stocks and sell them the next day, following the BTST (Buy Today, Sell Tomorrow) strategy. You can also trade ETFs or futures and options on the index with the same approach.
 

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