Which are the top NSE companies in India right now?
As per Equitymaster's Indian Stock Screener, these are the top NSE companies in India right now.
- #1 RELIANCE IND.
- #2 TCS
- #3 HDFC BANK
- #4 BHARTI AIRTEL
- #5 ICICI BANK
These companies have been ranked as per their market capitalization. The higher the market cap, the higher the total value of the company.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
What is Nifty?
The Nifty is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.
It is one of the two main stock indices used in India, the other being the BSE SENSEX
How is the Nifty calculated?
The Nifty is computed using the free-float market capitalization weighted method wherein the level of the index reflects the total market value of all the stocks in the index relative to the base period of 3 November 1995.
Nifty Index Value = (Current Market Value/Base Market Value) * 1000
The current market value is the weighted aggregate market cap of all the 50 companies. The base market capital is the weighted aggregate market cap of all 50 companies as in the base period.
Can we buy Nifty?
Nifty is a collection of stocks and not a security that is traded on any stock exchange. Hence, we cannot buy Nifty directly.
However, there are ways in which one can invest in the Nifty.
One can invest in index funds or ETFs representing the Nifty index or buying future and options for the Nifty index.