Want to score a quick 50 with Nifty 50? Then know these secrets

The Indian stock market has been facing high levels of volatility since November 2021.

Global factors, namely the US Federal Reserve’s indication in December 2021 that it would begin withdrawing measures it had previously extended during the pandemic, along with Russia’s invasion of Ukraine in February 2022, have only exacerbated the situation.

The Indian market, like everywhere else, reacted with unprecedented price volatility. Two major indices – the NSE Nifty 50 and the S&P BSE Sensex – which make up the Indian stock market, have since reacted to this development along with their global competitors.

That said, the Indian stock market suffered less than other global markets during this period, despite headwinds and an internationally uncertain interest rate scenario in the face of rising inflation.

In this context, here’s a look at the stocks that have helped maintain the upward momentum in the market.

Here are a few interesting things to know about the Nifty 50 Index.

1]The Nifty Index represents approximately 66.8 percent of the free float market capitalization of the stocks listed on the National Stock Exchange (NSE).

A closer look at the numbers shows that the Nifty 50 (data as of November 4, 2022) has been nearly flat for the past year, but 43 of the total of 50 stocks traded are in positive territory.

2]However, the difference between the best and worst performers is huge, 157 percent to be exact. The newly added Adani Enterprises Ltd. from the metals and mining sector is up 157 percent, and Paint Asian Paint is just up about 0.7 percent.

3]Financials comprises the majority of Nifty 50 stocks at 36.82 percent, followed by information technology (13.82 percent) and oil and gas (12.47 percent).

4]Financial services have dominated the Nifty 50 index since its inception in 1995, except in 2005 when IT became the dominant sector (20 percent) versus 12.8 percent for financial services. In 2021 and 2022, financial services dominated at 37 percent, compared to 13.8 percent for IT.

5]The top 10 stocks contributing the most to Nifty 50 moves are Reliance (10.84 percent), HDFC Bank (8.27 percent) and ICICI Bank (7.94 percent)

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