• NSE has made the following changes in the

composition of Nifty 50 index effective from April

1, 2017.
• Removed:
• BHEL
• Idea Cellular
• Added:
• Indian Oil Corporation
• Indiabulls Housing Finance
• Notable Facts: Updated on 4 May 2017
• Financial Services and Information Technology contribute 45.46% to the
overall weight-age.
• There are 5 Pharmaceutical companies. India is amongst the biggest
pharmaceutical exporters in the world.
• Of all things, cigarettes still have a dominant weight-age in the pie.
• No modern day e-commerce businesses find place in the CNX Nifty.
Compare this with the U.S. where Facebook, Amazon, e-Bay and Yahoo are
all part of the NASDAQ 100.
• The breakup hardly showcases India as a developing economy.
Construction, Infrastructure, Industrial manufacturing and cement put
together contribute 6.88%. Energy and power is at 12.05%
• 7 out of the 9 financial services companies are private sector banks.
Consider the fact that in India, there are 24 listed public sector banks and
only 16 listed private sector banks. This is significantly different from how
things were a decade back.
Sector Constituents Weightage (%)
Cigarettes ITC 6.78
Cipla 0.81
Dr. Reddy’s Lab 0.90
Pharmaceuticals Lupin 0.92
Sun Pharmaceutical 2.03
Aurobindo Pharma 0.49
Sector Constituents Weightage (%)
HCL Technologies 1.32
Infosys 5.27
information Technology TCS 3.47
Tech Mahindra 0.75
Wipro 0.90
Sector Constituents Weightage (%)
ACC 0.39
Ambuja Cements 0.52
Cements
Grasim Industries 1.07
UltraTech Cement 1.27
Sector Constituents Weightage (%)
Bajaj Auto 1.21
Bosch 0.60
Hero MotoCorp 1.22
Mahindra & Mahindra 1.79
Automobile
Maruti Suzuki 2.49
Eicher Motors 1.00
Tata Motors 2.47
Tata Motors Ltd. (DVR) 0.41
Sector Constituents Weightage (%)
Axis Bank 2.49
Bank of Baroda 0.51
HDFC 7.00
HDFC Bank 8.98
ICICI Bank 4.66
Financial Services Indiabulls Housing
0.94
Finance
IndusInd Bank 2.08
Kotak Mahindra Bank 3.10
State Bank of India 2.65
Yes Bank 1.71
Sector Constituents Weightage (%)
Coal India 1.04
Metals Hindalco Industries 0.83
Tata Steel 0.86
Sector Constituents Weightage (%)
BPCL 1.08
GAIL (India) 0.78
IOC 1.29
NTPC 1.17
Energy
ONGC 1.51
Power Grid 1.31
Reliance Industries 6.63
Tata Power 0.44
Sector Constituents Weightage (%)
Bharti Airtel 1.35
Telecom
Bharti Infratel 0.53
Media & Entertainment Zee Entertainment 0.83
Sector Constituents Weightage (%)
Asian Paints 1.45
Consumer Goods
Hindustan Unilever 1.92
Sector Constituents Weightage (%)
Construction Larsen & Toubro 4.12
Adani Ports and Special
Shipping 0.76
Economic Zone Ltd.