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Statistics Overview
Days Range
Nifty IT Companies
|
Company
 |
LTP
|
Change
|
Day Range
|
|
|---|---|---|---|---|
|
Coforge |
₹4,575.15 |
20.05 (0.44%) |
₹4,528.55 - ₹4,580.00 |
|
|
HCL Technologies |
₹1,146.75 |
1.65 (0.14%) |
₹1,145.10 - ₹1,155.15 |
|
|
Infosys |
₹1,327.55 |
9.25 (0.70%) |
₹1,320.70 - ₹1,329.50 |
|
|
L&T Technology |
₹3,919.00 |
16.00 (0.41%) |
₹3,903.00 - ₹3,932.45 |
|
|
LTI Mindtree |
₹5,010.60 |
12.20 (0.24%) |
₹5,000.00 - ₹5,040.00 |
|
|
Mphasis |
₹2,016.00 |
69.15 (3.55%) |
₹1,955.00 - ₹2,019.00 |
|
|
Persistent Sys |
₹5,124.80 |
-13.60 (-0.26%) |
₹5,094.25 - ₹5,158.00 |
|
|
TCS |
₹3,332.35 |
42.85 (1.30%) |
₹3,297.50 - ₹3,336.00 |
|
|
Tech Mahindra |
₹1,129.50 |
13.95 (1.25%) |
₹1,117.60 - ₹1,136.70 |
|
|
Wipro |
₹406.80 |
3.15 (0.78%) |
₹404.05 - ₹408.00 |
|
Nifty IT Sectors
| Sector Name | Advances | No Change | Declined |
|---|---|---|---|
| IT - Software | 9 | 10 | 1 |
Data 2
Data 3
What is Nifty IT?
NIFTY IT is a sectoral index on the National Stock Exchange (NSE) that captures the IT sector’s performance in the Indian economy. It is a real-time index of 10 tradable, exchange-listed IT stocks engaged in software development, hardware, IT infrastructure, etc.
The basic industries eligible to be included in the NIFTY IT index are the ones dealing with Computers Software & Consulting, Computers Hardware & Equipments, Education, IT-enabled Services, and Software Products.
This NIFTY IT index was launched with the base date as January 1, 1996, and the base value at 1000, which was later revised to 100 w.e.f. from May 28, 2004. The NIFTY IT share price since inception has breached the levels of 26000 at ~25 P/E multiples. It is reconstituted semi-annually.
The NIFTY IT index is owned and managed by NSE Indices Limited, previously known as India Index Services & Products Limited. The IT index is governed by a three-tier structure that comprises the BOD of NSE Indices, the Index Advisory Committee and the Index Maintenance Sub-Committee.
NIFTY IT has a variant in the form of the NIFTY IT Total Returns Index. This index has practical applications for launching index funds, ETFs, and structured investment products, as well as for benchmarking fund portfolios.
How is NIFTY IT calculated? How are stocks selected for inclusion in NIFTY IT?
The NIFTY IT share price is computed by weighting its 10 stocks on the basis of periodically capped free-float market capitalization relative to a base market capitalization value on a real-time basis.
To be included in the NIFTY IT index, the securities must fulfil the following eligibility criteria:
- It should be listed on the National Stock Exchange.
- Should form a part of NIFTY 500.
- If the number of eligible stocks falls below 10, then in such cases, the deficit number of stocks shall be selected from the universe of top 800 ranked stocks based on both average daily turnover and average daily full market capitalization data of the previous six months from NIFTY 500’s universe, assuming companies also meet the criteria of having been listed for at least 1 calendar month and have 90% trading frequency.
- Should be a part of the IT sector.
- Should have a trading frequency of at least 90% in the past six months.
- Should have a listing history of at least six months.
- Should preferably be traded on NSE’s F&O segment
- A recently listed company (IPO) can be included if it meets the above eligibility criteria for a period of three months instead of six months.
- Should adhere to the cap of 33% in case of a single stock and 62% for the top 3 stocks cumulatively at the time of rebalancing.
The index value is calculated as follows –
Index value = Current market capitalization/ (Base market capitalization * Base Index Value)
The NIFTY IT index is semi-annually based on six months of data, with the cutoff date being January 31 and July 31 of each year. The replacement of stocks in NIFTY IT (if any) is implemented from the last trading day of March and September after giving four weeks prior notice to the market.
FAQs
NIFTY IT index includes 10 stocks from the IT industry. Infosys and TCS together account for more than half of the index. A complete list is as follows:
| COMPANY |
| Infosys |
| Tata Consultancy Services |
| Tech Mahindra |
| HCL Technologies |
| Wipro |
| MphasiS |
| MindTree |
| Larsen & Toubro Infotech |
| Coforge |
| L&T Technology Services |
There are several ways of investing in NIFTY IT, such as:
Direct Investing: With a trading account, you can invest in individual stocks from NIFTY IT.
Exchange Traded Derivatives: Futures and Options are available on the NIFTY IT index’s stocks at the NSE IFSC exchange.
Exchange-Traded Funds: Many AMCs offer ETFs that passively track the NIFTY IT index. They are a cheaper alternative to active investing but suffer from minor tracking errors.
NIFTY IT index has generated price returns of 23.65% since its inception. The IT index’s total returns have come to 24.75% in the past 5 years. The returns can be very volatile and are not closely related to the NIFTY 50 index.
NIFTY IT index is priced at 8.19 P/B and earns a 2.22% dividend yield, which is way higher when compared to NIFTY 50 index.
NIFTY IT index’s basic objective is to serve as the benchmark for evaluating the Indian IT sector. It reflects the price movement and behaviour of the listed IT companies that deal in computer software, hardware, education, as well as various other ITES.
