what is fin nifty

FINNIFTY is the symbol for Nifty Financial Services Index in the Indian stock market. It is an index that includes the stock values of various companies that are part of the financial services sector, such as banks, NBFCs, housing finance, insurance, etc. . The index consists of 20 highly liquid and well-established companies that are leaders in the financial services sector. The base date of the index is 1st January 2021, and the base value of the index is 1000. The index is reconstituted on a semi-annual basis. The weight of each stock in the index depends on its free float capitalization value in the market. FINNIFTY is computed using the free float market capitalization method. The purpose of FINNIFTY is to track the performance of the financial sector in India and provide investors with a benchmark for the sectors growth and performance. Investors can choose to directly invest in FINNIFTY stocks by buying shares of individual companies listed on the National Stock Exchange.