- The Nifty 100 index represents the top 100 companies listed on the National Stock Exchange (NSE) based on market capitalisation.
- The Nifty 100 provides broader market exposure than the Nifty 50, including both large-cap and additional mid-cap stocks.
- Investors widely use the Nifty 100 index to track the overall market performance and determine the market trend.
If you are a stock market investor, it is crucial to know about Nifty 100. This blog will help you understand the Nifty 100 and Nifty 100 stocks list to help you better analyse the general performance of the overall stock market.
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What is the Nifty 100 index?
The Nifty 100 is an Indian stock market index that tracks the performance of the top 100 companies listed on the National Stock Exchange (NSE). The companies included in the Nifty 100 stocks list are chosen based on their market capitalisation. This means that the 100 companies included in the Nifty 100 are the top 100 companies with the highest market capitalisation in India. The Nifty 100 index includes 50 additional companies in addition to the companies included in the Nifty 50 index. The index serves as a benchmark for large-cap companies and reflects India's overall economic health and market trends.Investors analyse the performance of the Nifty 100 as an approximation of the overall market performance. If Nifty 100 has risen in price, it may potentially indicate a bullish trend in the market. On the other hand, if the Nifty 100 has fallen in price, it may potentially indicate a bearish trend.
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Latest Nifty 100 stocks list 2024
The NSE introduced a change in the computation of market capitalisation for companies to be eligible for being included in the Nifty 100. From June 26, 2009, the free float method is used to compute the Nifty 100. Here is the latest Nifty 100 stocks list for 2024:HCL Technologies Ltd. | Axis Bank Ltd. | IndusInd Bank Ltd. | Maruti Suzuki India Ltd. | Canara Bank |
Bank of Baroda | Power Grid Corporation of India Ltd. | ICICI Bank Ltd. | Tata Consultancy Services Ltd. | HDFC Bank Ltd. |
JSW Steel Ltd. | Kotak Mahindra Bank Ltd | Bharat Electronics Ltd. | Bharat Petroleum Corporation Ltd. | Cholamandalam Investment & Finance Company Ltd. |
Shriram Finance Ltd. | State Bank of India | Titan Company Ltd. | Dr Reddys Laboratories Ltd. | Apollo Hospitals Enterprise Ltd. |
Wipro Ltd. | Tata Steel Ltd. | Tata Motors Ltd. | Tata Consumer Products Ltd. | Tata Power Company Ltd. |
Siemens Ltd. | SRF Ltd. | Shree Cement Ltd | Vedanta Ltd. | Reliance Industries Ltd. |
Bosch Ltd. | Mahindra & Mahindra Ltd | Larsen & Toubro Ltd. | Trent Ltd. | ITC Ltd. |
Hindustan Unilever Ltd. | Hindalco Industries Ltd. | ABB India Ltd. | Hero MotoCorp Ltd. | Grasim Industries Ltd. |
Ambuja Cements Ltd. | Nestle India Ltd | Eicher Motors Ltd. | Colgate-Palmolive (India) Ltd. | Cipla Ltd. |
Asian Paints Ltd. | Bajaj Holdings & Investment Ltd | Berger Paints India Ltd | Britannia Industries Ltd. | Adani Green Energy Ltd |
Mahindra Bank Ltd | Zomato Ltd | UltraTech Cement Ltd. | ICICI Lombard General Insurance Company Ltd. | Divis Laboratories Ltd. |
Infosys Ltd | Adani Energy Solutions Ltd. | Varun Beverages Ltd. | SBI Life Insurance Company Ltd. | Zydus Lifesciences Ltd. |
Samvardhana Motherson International Ltd | Avenue Supermarts Ltd. | Indian Railway Catering & Tourism Corporation Ltd. | ICICI Prudential Life Insurance Company Ltd. | Jio Financial Services Ltd. |
Pidilite Industries Ltd | Adani Total Gas Ltd. | HDFC Life Insurance Company Ltd. | Godrej Consumer Products Ltd. | Jindal Steel & Power Ltd. |
Havells India Ltd | Interglobe Aviation Ltd. | SBI Cards & Payment Services Ltd. | Info Edge (India) Ltd. | LTIMindtree Ltd. |
Dabur India Ltd. | Bajaj Finserv Ltd. | REC Ltd. | Adani Power Ltd. | Tech Mahindra Ltd. |
Torrent Pharmaceuticals Ltd | Bajaj Auto Ltd. | Bharti Airtel Ltd. | Indian Railway Finance Corporation Ltd. | Hindustan Aeronautics Ltd. |
Bajaj Finance Ltd. | Marico Ltd. | GAIL (India) Ltd. | Power Finance Corporation Ltd. | Coal India Ltd. |
Adani Enterprises Ltd | Life Insurance Corporation of India | Indian Oil Corporation Ltd. | NTPC Ltd. | United Spirits Ltd. |
Sun Pharmaceuticals Industries Ltd | TVS Motor Company Ltd. | Punjab National Bank | DLF Ltd. | Oil & Natural Gas Corpn Ltd. |
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How to analyse Nifty 100 stocks?
If you are looking to invest based on the Nifty 100 stocks list, you can follow the below factors to analyse the included stocks:- Fundamental analysis: Evaluate the financial health and the historical performance of the companies. Analyse factors such as profit margin and valuation ratios such as Price-to-Earnings (P/E) ratio, Price-to-Book (P/B) ratio, and Dividend Yield.
- Technical analysis: Analyse technical indicators such as historical price trends, moving averages, relative strength index (RSI), and moving average convergence divergence (MACD). Technical analysis will help you determine the short-term price direction.
- Investment plan: When choosing stocks from the Nifty 100 stocks list, ensure that they suit your set investment goals, risk tolerance, and time horizon. This will help you achieve your investment goals effectively.
Conclusion
Nifty 100 is a stock market index that tracks the performance of the top 100 companies with the highest market capitalisation in India. The index's performance helps investors analyse the general performance of the stock market and allows them to invest accordingly. It includes the Nifty 50 stocks as well as an additional 50 companies, providing a broader view of the market's performance. You can evaluate the stocks included in the Nifty 100 stocks list and pick the stocks that are performing well, or you can directly buy Nifty 100 units to earn profits based on the included stocks’ performance.Explore more topics: