What is Nifty pharma index?
The Nifty pharma index captures the performance of listed Indian companies in the pharmaceutical sector.
The index comprises of 10 stocks that are listed on the National Stock Exchange (NSE).
The index is calculated using a free float market capitalization method.
To filter the best quality stocks from the Nifty pharma index, check out Equitymaster’s Indian stock screener. This screener also allows you to screen stocks based on your own criteria.
Also take a look at our detailed analysis of the best pharma stocks in India.
Which are the top Nifty pharma companies?
Based on marketcap, these are the top 5 companies in the Nifty pharma index:
- #1 SUN PHARMA
- #2 DIVIS LABORATORIES
- #3 CIPLA
- #4 ZYDUS LIFESCIENCES
- #5 LUPIN
You can see the full list of the Nifty pharma stocks here.
And for a fundamental analysis of the above companies, check out Equitymaster’s Indian stock screener which has a separate screen for top pharma companies in India.
What is the price of Nifty pharma index live today?
The NIFTY PHARMA last traded at 21,962.1. It was up 1.0% over its previous close.
Within the NIFTY Pharma Index, the top gainers were PIRAMAL ENTERPRISES (up 2.8%) and BIOCON (up 2.5%). On the other hand, there were no losers today.
For more, please visit the Nifty pharma index live chart and also check out our pharma sector report.
Can we buy the Nifty pharma index?
The Nifty pharma index is a collection of stocks and not a security that is traded on any stock exchange. Hence, we cannot buy it directly.
However, there are ways in which one can invest in the Nifty pharma index.
One can invest in index funds or ETFs representing the index or buying future and options for it.
Which are the other important indices one should track?
Well, it depends on what your goals are.
Having said that, the two key indices to track are the BSE Sensex and the NSE Nifty.
However, these two indices are considered to be too narrow by some, since they only track 30 and 50 stocks, respectively.
For broader tracking, you could use the BSE 200, BSE 500 or even the NSE 500 index.
Some popular market cap based indices include BSE Smallcap index and BSE Midcap index , among others.
Which other sectoral indices should one track?
It depends on one's specific interests and investment goals.
Some popular sectoral indices to track in addition to the broader market indices are Nifty PSU bank index , Nifty realty index , Nifty metal index and Nifty FMCG index .
It's important to research and understand the industries and companies included in each sectoral index to make informed investment decisions.