NIFTY: To be computed on free-float market cap methodology : Top Gainers & Losers
- National Stock Exchange’s S&P CNX Nifty Index will be computed using the free-float market capitalization method from June 26. The free float for each company in the index will be determined on the basis of the public shareholding. Nifty is currently calculated using full market capitalization weighted methodology.
- The top gainers of the transition are Infosys, ICICI Bank, HDFC, ITC, L&T, Reliance Industries and HDFC Bank while the top losers of the transition are NTPC, ONGC, Powergrid, SAIL, TCS, Bharti, Wipro and DLF.
- The top 3 sector gainers are Banking, FMCG and IT while the top 3 sector losers are Utilities, Oil & Gas and Telecom.
- Following tables are a summary of the Top Gainers and Losers due to transition of Nifty weights from Market Cap to free-float market capitalization method.
