Stock Market Opens Muted; Nifty Hovers Near 24,880. The Nifty has passed near 24,880, ahead of the monthly F&O expiry session. The reason behind this rise is that the Indian equity benchmarks opened firm on Thursday, tracking strong Asian cues after a U.S. court blocked President Donald Trump’s tariff orders. Early indicators point towards a relatively subdued beginning for the trading session. To know more about the topic “Stock Market Opens Muted; Nifty Hovers Near 24,880” in detail, read the complete article.
Stock Market Opens Muted; Nifty Hovers Near 24,880
Wednesday afternoon trading saw Indian stocks lose some of their momentum following a calm start to the day, with both benchmark indices falling into the red. The BSE Sensex stayed around 81,278.93, down 33.39 or 0.04%, while the NSE Nifty held slightly below the 24,750 mark, slipping 9.10 points to 24,743.35. The markets opened relatively flat amid growing uncertainty surrounding Trump’s global tariffs.
The Nifty opened around 24,800, in the red. The Sensex also opened relatively flat. It has turned out to be a week of consolidation for the market, as the Nifty is almost at the same levels at which it closed last Friday. The monthly F&O expiry carried with it a certain amount of volatility, and at one point, the Nifty even fell below the 24,700 mark. However, a rise in the final 30 minutes of trade took the Nifty past the 24,850 mark, and the index even managed to close at the high of the day.
Yet, there has not been any upward move on the index, as it has continued to drift in this 24,650-25,000 range for this entire week. The transition from Wall Street is a futures market. Earnings season for the quarter comes to an end today, with stocks like Vodafone, Nykaa, Apollo Hospitals and Genus Power reporting results for the quarter. Names like Bajaj Auto, Mazagon Dock, Suzlon Energy, SJVN, Ola Electric and others, who reported results after market hours on Thursday, will be responding to those in today’s trading session.
List of All 50 Nifty Companies
The 50 Nifty companies are Adani Enterprises, Adani Ports and SEZ, Apollo Hospitals, Asian Paints, Axis Bank, Bajaj Auto, Bajaj Finance, Bajaj Finserv, BPCL, Bharti Airtel, Britannia, Cipla, Coal India, Divis Laboratories, Dr. Reddy’s Laboratories, Eicher Motors, Grasim Industries, HCL Technologies, HDFC Bank, HDFC Life, Hero Motorcorp, Hindalco Industries, Hindustan Unilever, ICICI Bank, ITC, Indusind Bank, Infosys, JSW Steel, Kotak Bank, Larsen & Tourbo, Mahindra & Mahindra, Maruti Suzuki, NTPC, Nestle India, Oil and Natural Gas Corporation (ONGC), Power Grid Corporation, Reliance Industries, SBI Life Insurance, State Bank of India (SBI) , Sun Pharma, TCS, Tata Motors, Tata Steel, Tata Consumer, Tech Mahindra, TITAN, UPL, Ultratech Cement, and WIPRO.
How is Nifty for Share Market Calculated?
The Nifty share index is managed by a team of professionals at the NSE Indices Limited. It established an Index Advisory Committee that provides its experience and advice on large-scale issues pertinent to equity indices. The float-adjusted and market capitalization-weighted methods are used to calculate the Nifty 50 indices. In this method, the level of the index demonstrates the aggregate market value of stocks present in the index in a specific base period. Such a base period for a Nifty 50 index is 3rd November 1995, where the base value of the index is considered 1000 and its base capital stands at Rs. 2.06 Trillion.
The formula for calculating price index is listed below—
Index value = Current MV or market value / (Base Market Capital * 1000)
Eligibility Criteria for Companies to Get Listed on Nifty 50
To get listed on the Nifty 50 index, companies need to meet various major criteria. First, the company must be registered with the National Stock Exchange (NSE) and must be of Indian origin. A significant factor for eligibility is the stock’s liquidity, which is determined via its impact price. This represents the price of executing a trade relative to the company’s market capitalization within the index. Over a 6-month period, the impact price should be equal to or less than 0.50%, based on 90% of findings for a portfolio of ₹10 crore.
Moreover, the company’s stock should have traded regularly, with a trading rate of 100% over the past 6 months. In addition, the company’s typical free-float market capitalization must be at least 1.5 times larger than the smallest company already listed in the Nifty 50 index. Companies with Differential Voting Rights (DVR) shares are also eligible for inclusion. The Nifty 50 index undergoes periodic reconstitution, specifically during major events such as mergers, takeovers, spin-offs, suspensions, or delistings.
