Which stock has highest weightage in Bank Nifty?
HDFC Bank
The largest banks on the Nifty bank index are HDFC Bank, with around Rs 7.93 lakh crore market cap and 28.5 percent weightage, ICICI Bank with Re 3.91 lakh-crore market cap and 20.5 percent weightage, and Axis bank with Rs 2.09 lakh crore market cap and a weightage of 13.23 percent on the index.
Is ITC NIFTY 50?
The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange….Constituents.
| Company Name | Symbol | Sector |
|---|---|---|
| Indian Oil Corporation | IOC | Energy – Oil & Gas |
| ITC Limited | ITC | Consumer Goods |
| JSW Steel | JSWSTEEL | Metals |
How do you use weightage?
How to calculate weighted average when the weights don’t add up to one
- Determine the weight of each number.
- Find the sum of all weights.
- Calculate the sum of each number multiplied by its weight.
- Divide the results of step three by the sum of all weights.
What is the weightage of NIFTY 50 stocks 2020?
Below is the list of Nifty 50 Stocks Weightage 2020 that are included in Nifty 50 Index along with weightage sorted on the basis of percentages updated on February 1, 2021 for January closing. (Nifty weightage stocks) HDFC Bank Ltd. – 10.29\% Reliance Industries Ltd. – 10.13\% Infosys Ltd. – 7.81\% Housing Development Finance Corporation Ltd. – 7.27\%
What is the NIFTY 50 Index?
Nifty 50 index was launched on April 1, 1996. The computation of the index is done using the free-float market capitalization method. By investing in Nifty 50 companies you can take advantage of investing in the largest companies in India along with diversification. Let us have a look at the companies that are part of Nifty 50.
What is the weightage of reliance in NIFTY 50 Companies list 2021?
Reliance Industries Ltd. (Reliance Weight in Nifty 50) has the highest weightage having 10.77\% weightage in Nifty 50 Companies list 202 1, whereas HDFC Bank pushed to second place having 10.66\% weightage & Infosys is on third spot having 7.42\% in Nifty 50 Companies list 2021 based on closing prices of February 2021.
What is the weightage of HDFC Bank in NIFTY 50 Companies list?
HDFC Bank has the highest weightage having 10.24\% weightage in Nifty 50 Companies list 202 1, whereas Reliance Industries Ltd. (Reliance Weight in Nifty 50) pushed to second place having 10.19\% weightage & Infosys is on third spot having 7.98\% in Nifty 50 Companies list 2021 based on closing prices of March 2021.