An overview of the Nifty 200 Index, outlining its composition, classification framework, and coverage within the Indian equity market.
The Nifty 200 Index forms part of the suite of broad-market indices maintained by NSE Indices Limited. It is structured to represent equity securities across multiple market-capitalisation segments listed on the National Stock Exchange of India. The index is commonly referenced in market analysis, portfolio benchmarking, and index-linked product structures.
The Nifty 200 Index comprises 200 equity securities selected based on free-float market capitalisation and liquidity criteria on the National Stock Exchange of India. Collectively, the constituents account for a substantial share of the exchange’s total free-float market capitalisation, typically estimated within a defined range published by NSE Indices Limited.
The index is maintained and reviewed on a semi-annual basis in accordance with the index methodology, which outlines eligibility, inclusion, and exclusion parameters. In parallel with cash-market indices, derivatives-related indicators such as the nifty 50 option chain are often referenced in market analysis to observe pricing levels, open interest distribution, and implied volatility trends.
Nifty 100
Includes 100 securities selected based on free-float market capitalisation, representing the large-capitalisation segment of the equity market.
Nifty Next 50
Consists of 50 securities ranked immediately after the Nifty 50, forming part of the broader large-cap and upper mid-cap universe as defined by index methodology.
Remaining 50 Constituents
Comprise additional eligible securities selected to complete the 200-stock universe, expanding sectoral and capitalisation coverage within the index structure.
The structure of the Nifty 200 Index is defined by its weighting approach, eligibility criteria, and constituent coverage, which together determine how the index reflects movements across a wide segment of the equity market.
The Nifty 200 follows a market capitalisation-weighted framework, where each constituent’s weight corresponds to its free-float market value relative to the aggregate free-float market capitalisation of the index. Companies with larger market capitalisation therefore occupy a higher proportion within the index, while smaller constituents carry lower weights. This methodology ensures that index movements are proportionate to the size of listed companies included in the universe.
Constituents of the Nifty 200 are drawn from multiple sectors represented on the National Stock Exchange, including financial services, information technology, consumer-oriented industries, healthcare, energy, and industrial segments. The inclusion of companies across sectors results in sectoral representation that mirrors the composition of the broader listed equity market rather than concentrating exposure within a limited set of industries.
Eligibility for inclusion in the Nifty 200 is subject to liquidity-related criteria specified by NSE Indices. Securities are assessed based on trading frequency and turnover thresholds to ensure that constituents reflect actively traded stocks. This screening process supports consistent index calculation and reduces the impact of illiquid securities on index movements.
The index applies a free-float adjustment while computing constituent weights. Only shares available for public trading are considered, while promoter holdings, government stakes, and other strategic shareholdings are excluded. This approach aligns index weights with the portion of equity that is accessible in the secondary market and is consistent with the methodology adopted across major NSE benchmark indices.
Taken together, these structural elements explain how the Nifty 200 Index represents price movements across large- and mid-capitalisation companies under the prevailing index construction framework.
The Nifty 200 Index represents a composite view of listed equity companies on the National Stock Exchange of India, reflecting market coverage beyond narrower benchmark indices.
The index aggregates constituents from the Nifty 100 and the next 100 companies ranked by full market capitalisation. This structure results in representation across large-cap and mid-cap segments within a single benchmark, extending sectoral and size-based coverage under one index framework.
The Nifty 200 is referenced by market participants as a comparative index for portfolios designed to track broad-based equity exposure. It is commonly used as a reference point for index-linked products that aim to mirror combined large-cap and mid-cap market movements under NSE Indices methodology.
By including constituents across multiple sectors and market-cap categories, the index reflects dispersion across industries and company sizes. This structure distributes weight across a wider constituent base, reducing concentration at the individual stock or single-sector level within the index composition.
Index-based mutual funds and exchange-traded funds linked to the Nifty 200 are structured to replicate the index’s constituent weights and rebalancing methodology. These instruments follow predefined rules set by NSE Indices Limited and adjust holdings in line with periodic index reviews.
The Nifty 200 Index also forms part of broader market analysis frameworks and may be referenced alongside derivatives-based indicators, including data associated with Nifty 50 futures, for assessing aggregate market positioning under prevailing market conditions.
The Nifty 200 Index is referenced in a range of market-linked and analytical contexts across India’s equity ecosystem.
At an individual level, the index functions as a consolidated indicator of movements across a large and mid-cap universe on the National Stock Exchange. It is commonly tracked to observe broad-based equity market behaviour rather than segment-specific trends.
Within institutional and professional settings, the index is applied as a comparative reference for diversified equity portfolios and index-linked products. It is also cited in portfolio evaluation frameworks where alignment with broader market coverage is examined.
In product structuring, the Nifty 200 serves as the underlying reference for index-based mutual funds and exchange-traded funds. Its defined composition and methodology make it possible to replicate the index in line with applicable regulatory and disclosure requirements.
The nifty 200 index reflects historical price movement across a combined universe of large-cap and mid-cap stocks listed on the National Stock Exchange. Its performance data shows how market activity has been distributed between these two segments across different market cycles.
Changes in the nifty 200 share level over time have been influenced by periodic index rebalancing, shifts in market capitalisation, and sector-level weight adjustments among constituent companies. This historical record outlines how both higher-capitalisation and mid-cap stocks have contributed to overall equity market movement under varying market conditions.
Exposure to the Nifty 200 Index is structured through market instruments that mirror or reference the index composition under prevailing regulatory frameworks. These instruments are designed to reflect index movements based on constituent weights and review methodology defined by NSE Indices Limited.
Certain asset management companies in India offer index mutual funds that replicate the Nifty 200 Index. These funds follow a passive replication or sampling approach, holding securities in proportions aligned with the index methodology. Portfolio composition and tracking variance are governed by SEBI regulations applicable to index funds.
Nifty 200 exchange-traded funds are listed securities traded on recognised stock exchanges. These instruments track the index on a real-time basis during market hours and are settled through the depository system. Holdings, expense ratios, and tracking metrics are disclosed periodically in accordance with regulatory requirements.
The index composition published by NSE Indices Limited allows replication through direct ownership of constituent stocks in corresponding weights. This method involves periodic rebalancing aligned with index reviews and adjustments triggered by changes in free-float market capitalisation, liquidity criteria, or corporate actions.
The Nifty 200 Index represents a broad equity universe constructed using defined eligibility, weighting, and review criteria. It combines multiple capitalisation segments within a single index framework and is maintained in line with standardised methodologies published by NSE Indices Limited. This structure allows the index to be referenced across market analysis, benchmarking, and index-linked product classifications.
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Reviewer
The Nifty 50 consists of 50 selected equity securities based on free-float market capitalisation, while the Nifty 200 includes 200 securities across large- and mid-capitalisation segments as defined by index methodology.
Unlike indices limited to a single capitalisation segment, the Nifty 200 includes securities from both large- and mid-capitalisation categories, based on predefined ranking and inclusion rules.
The index is reviewed and rebalanced on a semi-annual basis in line with eligibility, liquidity, and free-float market capitalisation criteria published by NSE Indices Limited.
The index includes constituents from multiple sectors such as financial services, information technology, energy, consumer goods, healthcare, and industrials, reflecting sectoral classification under NSE standards.
The Nifty 200 index is a broad-market equity index comprising 200 listed companies, including constituents from the Nifty 100 and the Nifty Midcap 100. It represents price movement across large-cap and mid-cap segments of the Indian equity market.
The Nifty 200 index consists of companies classified under large-cap and mid-cap categories and includes constituents from multiple sectors. Its construction is based on defined eligibility, weighting, and review criteria as specified by NSE Indices.