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

Market Representation:

• The Nifty Midcap 50 Index represents about 5.32% of the free float market capitalization of the stocks listed on NSE as on December 30, 2011.
  
  

• The total traded value for the last six months of all index constituents is approximately 8.66% of the traded value of all stocks on NSE.
  

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 Index was computed using market capitalization weighted method from the launch date till February 25, 2010

List of Nifty Midcap 50 Stocks |  Daily Values