BAJAJ BROKING
Nifty Pharma Index is made up of stocks belonging to the 20 largest pharma companies in the country, including Sun Pharmaceutical Industries, Cipla, Dr Reddy's Laboratories, Divi’s Laboratories, Lupin, Aurobindo Pharma, etc.
‘Nifty Pharma Index’ is a market index of the stocks belonging to some of the largest pharmaceutical companies in India. This index captures the financial health of the Indian pharma giants in one number.
So, if you have just opened a demat account and want to track pharma stocks, you should start by tracking the Nifty Pharma Index.
This index is made up of 20 pharma companies listed on the National Stock Exchange of India (NSE). The values of the Nifty Pharma Index move up and down based on how the total free float market value of the pharma stocks in this index behave. Free float market value means the value of those shares, which can be traded publicly on stock exchanges.
In this manner, this index reflects how the biggest pharma companies in India are performing. If it moves up regularly, it shows that those companies must be performing well. Conversely, if it is on a downward trend for some time, it shows those companies might not be performing well. That said, at times, stock prices go up and down purely based on sentiment and not fundamentals.
The Nifty Pharma Index is made up of the stocks of the following pharma companies:
A careful analysis of the values of the Nifty Pharma Index can reveal interesting insights. Here are a few steps that you can follow for this analysis:
Keeping track of the Nifty Pharma Index can help you examine the health of the Indian pharma sector. Besides, you can use the steps mentioned above to analyse any sector. So, if you want to invest in the share market or Nifty, start by tracking various sectoral indices of Nifty.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Share Market Today | Gift Nifty Signals 100-Point Gap Down, Nifty to Consolidate
06 Sep, 2024 | 4 Min. read
KEC International Secures ₹1,423 Cr Transmission Line Order in Saudi Arabia
06 Sep, 2024 | 1 Min. read
Ashoka Buildcon’s Viva Highways Monetises Pune Land for ₹453 Crore
06 Sep, 2024 | 2 Min. read
Peak Partners To Sell 11% Stake in Indigo Paints via Block Deal
06 Sep, 2024 | 2 Min. read
US Initial Jobless Claims Drop to 227,000 in August.
06 Sep, 2024 | 1 Min. read
Commodities Market Today | WTI Crude Steady at $69.18, Gold Rises 0.8% to $2,546
06 Sep, 2024 | 1 Min. read
Gold Rate Today | Gold Rises 0.8% to $2,546, Silver Gains 2% to $29.14
06 Sep, 2024 | 2 Min. read
Vodafone Idea Share Price Falls 11% After Goldman Sachs Report
06 Sep, 2024 | 1 Min. read
Suzlon Energy Share Price Rises After Corporate Office Sale
06 Sep, 2024 | 1 Min. read
Why is the Stock Market Down Today? Key Factors Explained
06 Sep, 2024 | 1 Min. read
Sona BLW Precision Forgings Plans ₹2,400 Crore QIP at ₹675-700 per Share
05 Sep, 2024 | 1 Min. read
Commodities Market Today | Crude Oil Drops, Brent Hits Low; Gold and Silver Rise
05 Sep, 2024 | 1 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading