May 31, 2024
The Nifty IT index captures the performance of the Indian IT companies. The Nifty IT Index comprises of 10 companies listed on the
National Stock Exchange (NSE).
The Nifty IT index is computed using free float market capitalization method with a base date of Jan 1, 1996 indexed to a base value
of 1000 wherein the level of the index reflects total free float market value of all the stocks in the index relative to a particular base
market capitalization value. The base value of the index was revised from 1000 to 100 with effect from May 28, 2004.
Nifty IT Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.
Index Variant: Nifty IT Total Returns Index.
Portfolio Characteristics
Methodology Periodic Capped Free Float Index Since
QTD YTD 1 Year 5 Years
Returns (%) Inception
No. of Constituents 10
Price Return -7.20 -8.81 10.46 14.92 22.54
Launch Date Total Return -6.39 -7.74 13.34 17.43
Base Date January 01, 1996
Since
Base Value 100 Statistics ## 1 Year 5 Years
Inception
Calculation Frequency Real-Time Std. Deviation * 17.97 23.30 33.45
Index Rebalancing Semi-Annually Beta (NIFTY 50) 0.97 0.83 0.97
Correlation (NIFTY 50) 0.55 0.68 0.66
1 Year Performance Comparison of Sector Indices
Fundamentals
P/E P/B Dividend Yield
27.19 6.97 2.92
Top constituents by weightage
Company’s Name Weight(%)
Infosys Ltd. 27.12
Tata Consultancy Services Ltd. 25.37
Tech Mahindra Ltd. 10.57
HCL Technologies Ltd. 9.56
Wipro Ltd. 8.38
LTIMindtree Ltd. 5.85
Persistent Systems Ltd. 4.77
Coforge Ltd. 4.12
MphasiS Ltd. 2.57
L&T Technology Services Ltd. 1.67
## Based on Price Return Index.
# QTD,YTD and 1 year returns are absolute returns.Returns for greater than one year are CAGR returns.
* Average daily standard deviation annualised
Disclaimer: All information contained herewith is provided for reference purpose only. NSE Indices Limited (formerly known as India Index Services & Products Limited-IISL) ensures accuracy
and reliability of the above information to the best of its endeavors. However, NSE Indices Limited makes no warranty or representation as to the accuracy, completeness or reliability of any of
the information contained herein and disclaim any and all liability whatsoever to any person for any damage or loss of any nature arising from or as a result of reliance on any of the information
provided herein. The information contained in this document is not intended to provide any professional advice.
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May 31, 2024
Index Methodology
Eligibility Criteria for Selection of Constituent Stocks:
i. Companies should form part of Nifty 500 at the time of review. In case, the number of eligible stocks representing a particular sector
within Nifty 500 falls below 10, then deficit number of stocks shall be selected from the universe of stocks ranked within top 800
based on both average daily turnover and average daily full market capitalisation based on previous six months period data used for
index rebalancing of Nifty 500.
ii. Companies should form a part of the IT sector.
iii. The company's trading frequency should be at least 90% in the last six months.
iv. The Company should have a minimum listing history of 1 month as on the cutoff date.
v. Final selection of 10 companies shall be done based on the free-float market capitalization. A preference shall be given to companies
that are available for trading in NSE’s Futures & Options segment at the time of final selection.
vi. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be
more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing.
Index Re-Balancing:
Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of
indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of
change.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE
Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
Key Indices
Broad Market Sectoral Indices Thematic Indices Strategy Indices Fixed Income
Nifty 50 Nifty Bank Nifty CPSE Nifty100 Equal Weight Nifty 10 yr Benchmark G-Sec
Nifty Next 50 Nifty IT Nifty Commodities Nifty50 PR 1x Inverse Nifty 8-13 yr G-Sec
Nifty 100 Nifty PSU Bank Nifty Energy Nifty50 PR 2x Leverage Nifty 4-8 yr G-Sec
Nifty 200 Nifty FMCG Nifty Shariah 25 Nifty50 Value 20 Nifty 11-15 yr G-Sec
Nifty 500 Nifty Private Bank Nifty 100 Liquid15 Nifty100 Quality 30 Nifty 15 yr and above G-Sec
Nifty Midcap 50 Nifty Metal Nifty Infrastructure Nifty Low Volatility 50 Nifty Composite G-Sec
Nifty Midcap 100 Nifty Financial Services Nifty Corporate Group Nifty Alpha 50 Nifty 1D Rate
Contact Us: Bloomberg - NSEIT Index
Email:
[email protected] | Tel: +91 22 26598386 | Fax: +91 22 26598120
Learn more at: www.niftyindices.com Thomson Reuters - .NIFTYIT
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