NIFTY SERV SECTOR (NIFTY SERV SECTOR) live share price today at NSE

The Nifty Service Sector Index refers to the index of companies which represent the service sector, such as Computers-Software, IT Education and Training, Banks, Telecommunication Services, Financial Institutions, Power, Media, Courier, Shipping, etc. It aims to evaluate the performance of the service sector, which helps investors analyse the companies in the industry. The Nifty Service Sector contributes to the economic and financial conditions on the global level. The criteria for the selection of companies in the Nifty Service Sector Index are based on their market capitalisation, the volume traded, and other financial analysis. The service sector plays a crucial role in the Indian Economy and is also growing rapidly with the innovations that are being spread globally.

The total number of constituents in the Nifty Service Sector shall not exceed 30 companies that are listed on the National Stock Exchange. The Nifty Service Sector has a Base Date of June 01, 1999, with a base value of 1000. The Nifty Service Sector includes the service-based companies such as Financial Services, Information Technology, Telecommunications, Power, Consumer Services, and many more. This provides a scope of diversification to the investors, which offers an opportunity to explore different service sectors.

The Nifty Service Sector is used for different purposes, such as the discovery of index funds, ETFs, and benchmarking fund portfolios. The Nifty Service Sector Index is helpful for investors who are engaged in the service sector and are willing to invest in the high-potential growth with the robust dynamic conditions involved in the service sector.

• The yearly Price Return of the Nifty Service Sector is 16.19%, and over 5 years, it is 15.72%.
• The total Standard Deviation, Beta, and correlation of the Nifty Service Sector are 15.82%, 1.05%, and 0.91%, respectively.
• The P/B ratio in the fundamentals is 3.32%, the P/E ratio is 20.36%, and the Dividend Yield is 1.37%.
• The top sector weightage of the Nifty Service Sector Index is Financial Services, Information Technology, and Telecommunications. 
• The weightage of the top three sectors is 59.05%, 17.55%, and 7.46%.

• At the time of reviewing the Nifty service sector, Companies must be a part of the Nifty 500.
• If the stocks eligible for the Nifty Service Sector fall below 10 of the particular sector included in the Nifty 500, then the number of deflated stocks must be selected from the top 800 stocks ranked on the NSE. 
• Companies must form a part of the service sector.
• The ranking of the top 800 companies, which are selected for the deflated stocks, must be based on the whole market capitalisation method for the previous six months.
•  The frequency of trading for the company should not be less than 90% in the last six months.
• The company should have a history of listing on the NSE for at least one month as of the cut-off date.
•  The method for selecting 30 companies should be based on free-float market capitalisation.
• The weightage of each stock shall not exceed 33%, and the combined weightage of the top 3 stocks must not exceed 62%.
•  The criteria for rebalancing shall be based on a semiannual basis.
• January 31 and July 31 must be the cut-off dates each year.

The method of calculating the Nifty Service Sector Index is based on the free-float market capitalisation-weighted method, which is a basic approach used by the NSE for its sector division. The companies shall be taken by the Nifty 500 that are only selected from the service sector. Free-Float market capitalisation is calculated by multiplying the shares outstanding by the Price of shares and the free float factor. Then, calculate the base market cap, and the value of the base Index will be taken as 1000. The Free-float market capitalisation refers to the freely traded shares on the platform of the National Stock Exchange. There will be an exclusion of shares held by the government, promoters, investors, and analysts. The Calculation of the Nifty Service Sector will help investors to analyse the Top Service Sector Stocks. 

Formula of Nifty Service Sector = Current Free-Float Market Cap/ Base Market Cap * Base Index Value.

• The service sector includes Telecom, IT services, healthcare, and financial services, so it provides a diversified portfolio to all the investors, and they can explore various sectors for investing.
• The companies in this sector are developed industries which can provide potential growth and stability to the investors.
• The companies in the Nifty Service Sector are large-cap companies and highly growing, so the chances of high returns are maximum.
• The Nifty Service Sector contributes to the financial and economic health of the country. The companies in the Nifty Service Sector are the top companies in the service sector.

• Economic and market factors can impact the Nifty Service Sector, leading to frequent price fluctuations. In short, the service sector is very volatile.    
• There are certain risks which are related to the sectors, such as changes in Technologies, changes in policies, and severe competition in this dynamic environment, which impact the service industry and result in lower returns.
• The economic conditions are uncertain, which leads to market disruptions, lower trading value, and less growth in the future.
• Innovations lead to advancement in technologies and other sectors, due to which the market is very uncertain. The price may fluctuate very frequently. Investors may struggle to find long-term growth due to these disruptions. 

For investing in the Nifty Service Sector, investors should open a demat account and select a well-performing stock after logging in. Otherwise, they can choose a broker who helps them evaluate the most profitable and stable stocks in the near future. Investors can select the Nifty Service Sector Index fund and review the investment amount, then place an order for the stocks of their choice. Through their demat account, investors can assess the performance of their investments and receive updates on them.  

The Nifty Service Sector Index refers to the index of companies which represent the service sector, such as Computers-Software, IT Education and Training, Banks, Telecommunication Services, Financial Institutions, Power, Media, Courier, Shipping, etc. It aims to evaluate the performance of the service sector, which helps investors analyse the companies in the industry. The Nifty Service Sector is used for different purposes, such as the discovery of index funds, ETFs, and benchmarking fund portfolios. If the stocks eligible for the Nifty Service Sector fall below 10 of the particular sector included in the Nifty 500, then the number of deflated stocks must be selected from the top 800 stocks ranked on the NSE. The method of calculating the Nifty Service Sector Index is based on the free-float market capitalisation-weighted method, which is a basic approach used by the NSE for its sector division.