The medium capitalized segment of the stock market is being increasingly perceived as an attractive investment segment with high growth potential. The primary objective of the Nifty Midcap 50 Index is to capture the movement of the midcap segment of the market. It can also be used for index-based derivatives trading.


Method of computation

Nifty Midcap 50 is computed using market capitalisation weighted method, wherein the level of the index reflects the total market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, etc without affecting the index value.


Base Date and Value

The Nifty Midcap 50 Index has a base date of Jan 1, 2004 and a base value of 1000.


Criteria for Selection of Constituent Stocks

The constituents and the criteria for the selection judge the effectiveness of the index. Selection of the index set is, inter alia, based on the following criteria:

• Stocks with average market capitalization ranging from Rs.1000 Crore to Rs.5000 Crore at the time of selection.



• Stocks which are not part of the derivatives segment are excluded.



• Stocks which are forming part of the S&P CNX NIFTY index are excluded.

• Nifty Midcap 50 stocks represent about 4.89 % of the total market capitalization as on August 31, 2007.



• The average traded volume for the last six months of all Nifty Midcap 50 stocks is approximately 15.21 % of the traded volume of all stocks on the NSE.

List of Nifty Midcap 50 Stocks