NIFTY 500

NIFTY 500 is India’s first broad-based stock market index of the Indian stock market.[1] The NIFTY 500 index represents about 96% of total market capitalization and about 93% of the total turnover on the NSE.[2]

NIFTY 500 companies are disaggregated into 72 industry indices. Industry weights in the index reflect industry weights in the market. For example, if the banking sector has a 5% weight in the universe of stocks traded on the NSE, banking stocks in the index would also have an approximate representation of 5% in the index.