It is a Broad Market Index representing the various sectors of the economy. The following is the sectoral representation of the Midcap 50 Index as of November, 2016.
|MEDIA & ENTERTAINMENT||3.05|
|CEMENT & CEMENT PRODUCTS||1.65|
Nifty Midcap 50 is computed using Free Float market capitalisation method. The level of the index on any given day reflects the total free float market value of all the stocks comprised in the index - relative to the base date of Jan 1, 2004.
The base value of the Nifty Midcap 50, as on the base date, was 1000.
Constituent stocks of the index is selected based on the following criteria:
1. To be considered for inclusion in Nifty Midcap 50 Index, companies must form part of Nifty Midcap 150 Index.
2. The stocks should be traded in the derivative (F&O) segment of the exchange.
3. The stocks should not be a constituent of the CNX NIFTY Index.
Nifty Midcap 50 index is reviewed and re-balanced on a semi-annual basis.