Nifty Infra (NIFTYINFRA) live share price today at NSE

The Nifty Infra index is a thematic index launched on 7th August 2007 under the Nifty brand. Nifty Infrastructure carries a base value of 2000 and a base date of 1st January 2004 and comprises 30 listed companies representing sectors such as telecom, power, port, air, roads, railways, shipping and others. 

The primary objective of the Nifty Infra index is to track the overall performance and behaviour of India’s infrastructure sector and its underlying companies over a period of time. Nifty Infra share price helps investors gauge the overall pulse and sentiment in the infrastructure sector and make better investment decisions. 

The eligible industries of the Nifty Infra index include Oil, Gas & Consumable Fuels, with the highest weightage of 29.76%. Then comes telecommunication with 16.35% weightage, followed by power (11.79%), construction (11.58%), construction material (9.33%), services (5.69%), services (5.69%), capital goods (4.70%), healthcare (4.49%), realty (2.24%), consumer services (2.04%) and automobile & autocomponent (2.03). 

The Nifty Infrastructure index is owned and operated by NSE Indices Limited, a wholly owned subsidiary of the National Stock Exchange (NSE). A three-tier structure governs the index, comprising the BOD of NSE Indices Limited, the Index Advisory Committee and the Index Maintenance Sub-Committee. 

The Nifty Infra index value is calculated using the free float market capitalisation value, where the weightage of the index constituents (equity shares) is capped at 20%. At any point in time, the Nifty Infra share price represents the aggregate value of the free float market cap of all the index constituents, acting as a measure for analysing the performance of the infrastructure sector. Read the formula and details below to know more about the Nifty index stocks, the formula & calculation.

Nifty Infra Index Formula - Free-float market cap/ (base market capitalisation*base index value)

Here, 

Base index value = 100

Free float market cap = shares outstanding * IWF * capping factor * price 

Free Float = Shares freely available for trading in secondary markets

IWF = Investible weight factor 

The Nifty Infrastructure index is subject to a semi-annual review for which the cut-off dates are 31st January and 31st July each year. Each index review and rebalancing (if any) is undertaken while considering some stock selection criteria, which are mentioned further in the article. 
 

1. Companies should form part of the Nifty 500 at the time of review. In case the number of eligible stocks representing a particular sector within the Nifty 500 falls below 10, then the deficit number of stocks shall be selected from the universe of stocks ranked within the top 800 based on both average daily turnover and average daily full market capitalisation based on previous six months period data used for index rebalancing of Nifty 500.
2. The company must be included in the infrastructure sector. 
3. Companies allowed to be traded on the F&O segment are only allowed to become Nifty Infra stocks. 
4. The trading frequency of a potential stock must be at least 90% in the last six months. 
5. The final selection of the Nifty Infrastructure stocks is based on the free-float market capitalisation. 
6. Weitahge of stocks is capped at 20% at the time of rebalancing. 

• The Nifty Infrastructure Index is a thematic index on the National Stock Exchange, launched on 7th August 2007. 
• The index focuses on tracking the performance and behaviour of the Indian infrastructure sector over a period. 
• Nifty Infra Index comprises 30 NSE-listed stocks that belong to various sub-sectors of the infrastructure industry. 
• The constituents of the Nifty Infra are chosen from a universe of more than 30 basic industries, including airline, construction, telecom, shipping, industrial products and many more. 
•   The Nifty infra share price is calculated using the free-float market capitalisation, wherein the weightage of each index constituent is capped at 20%.