What does NIFTY IT index comprise of?

By Research Desk
about 4 years ago

Nifty IT index comprise of top 10 companies that derives their turnover from IT related activities like IT Infrastructure, IT education, Software training, Telecommunication Service, Networking Infrastructure, Software Development, Hardware manufacturers, Vending, Support & maintenance.

This index represents about 12.50% of free float market capitalization of the stocks listed on NSE and 91.90% of the free float market capitalization of the stocks forming part of the IT sectors as on 31st March, 2016. Nifty IT measures the behavior and performance of Indian IT stocks. From 29th May, 2015, this index is computed with top 10 companies & weights of each company in this index are capped at 25%.

Nifty IT currently made up of the following.

Sr. No.

Stock Name

1

Cyient

2

HCL Technologies

3

Info Edge

4

Infosys

5

Justdial

6

MindTree

7

Oracle Financial Services Software

8

Tata Consultancy Services

9

Tech Mahindra

10

Wipro

 

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