The NIFTY Information Technology(IT) index captures the performance of the Indian IT companies.Nifty IT Stock List and its Weightage in Nifty it, The NIFTY IT Index comprises of 10 companies listed on the National Stock Exchange (NSE).Nifty IT Stock List and its Weightage in Nifty it, The NIFTY IT index is computed using free float market capitalization method with a base date of Jan 1, 1996 indexed to a base value of 1000 wherein the level of the index reflects total free float market value of all the stocks in the index relative to a particular base market capitalization value.Nifty IT Stock List and its Weightage in Nifty it The base value of the index was revised from 1000 to 100 with effect from May 28, 2004. NIFTY IT Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Nifty IT Companies List and its Weightage (31st March 2022)
|Sl No||Company Name||NSE Symbol||Weightage(in%)|
|2||Tata Consultancy Services Ltd.||TCS||26.42%|
|3||HCL Technologies Ltd.||HCLTECH||8.40%|
|5||Tech Mahindra Ltd.||TECHM||8.27%|
|6||Larsen & Toubro Infotech Ltd.||LTI||5.37%|
|9||L&T Technology Services Ltd.||LTTS||2.68%|
Companies should form part of NIFTY 500 at the time of review. In case, the number of eligible stocks representing a particular sector within NIFTY 500 falls below 10, then deficit number of stocks shall be selected from the universe of stocks ranked within top 800 based on both average daily turnover and average daily full market capitalisation based on previous six months period data used for index rebalancing of NIFTY 500.
Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of change.
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
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