Nifty PSE Live Chart
O 10613.15
H 10613.15
L 10613.15
Nifty PSE Performance
Days Range
Previous Close10,621.20
Open10,613.15
52W Range4,761.60 - 10,917.30
P/E Ratio11.59
Nifty PSE Stock List
|
Company
 |
LTP
|
Change
|
Day Range
|
|
|---|---|---|---|---|
|
B H E L |
₹294.10 |
2.60 (0.89%) |
₹288.65 - ₹296.95 |
|
|
B P C L |
₹633.55 |
-12.95 (-2.00%) |
₹632.40 - ₹642.95 |
|
|
Bharat Electron |
₹292.15 |
3.05 (1.05%) |
₹285.00 - ₹293.95 |
|
|
Coal India |
₹486.45 |
-1.20 (-0.25%) |
₹482.10 - ₹491.90 |
|
|
Container Corpn. |
₹1,084.80 |
4.10 (0.38%) |
₹1,062.00 - ₹1,097.20 |
|
|
GAIL (India) |
₹200.70 |
0.20 (0.10%) |
₹198.05 - ₹201.30 |
|
|
H P C L |
₹537.70 |
-9.20 (-1.68%) |
₹533.95 - ₹546.35 |
|
|
Hind.Aeronautics |
₹5,051.75 |
32.00 (0.64%) |
₹4,950.00 - ₹5,152.00 |
|
|
I O C L |
₹165.05 |
-2.00 (-1.20%) |
₹164.50 - ₹166.90 |
|
|
I R C T C |
₹1,042.90 |
-40.20 (-3.71%) |
₹1,027.15 - ₹1,061.30 |
|
|
Life Insurance |
₹998.30 |
-17.70 (-1.74%) |
₹993.00 - ₹1,024.40 |
|
|
NHPC Ltd |
₹101.60 |
1.40 (1.40%) |
₹98.65 - ₹102.30 |
|
|
NMDC |
₹258.15 |
-0.70 (-0.27%) |
₹254.35 - ₹260.15 |
|
|
NTPC |
₹364.60 |
-0.80 (-0.22%) |
₹360.00 - ₹366.35 |
|
|
O N G C |
₹271.85 |
-2.45 (-0.89%) |
₹270.25 - ₹273.80 |
|
|
Oil India |
₹637.10 |
-15.65 (-2.40%) |
₹634.05 - ₹656.00 |
|
|
Power Fin.Corpn. |
₹510.10 |
-7.05 (-1.36%) |
₹508.65 - ₹524.35 |
|
|
Power Grid Corpn |
₹317.70 |
4.90 (1.57%) |
₹309.10 - ₹318.70 |
|
|
REC Ltd |
₹568.75 |
-11.45 (-1.97%) |
₹567.00 - ₹582.75 |
|
|
S A I L |
₹162.40 |
0.00 (0.00%) |
₹160.60 - ₹165.70 |
|
Nifty PSE Sectors
| Sector Name | Advances | No Change | Declined |
|---|---|---|---|
| Capital Goods - Electrical Equipment | 1 | 1 | 0 |
| Crude Oil & Natural Gas | 0 | 2 | 2 |
| Finance | 0 | 2 | 2 |
| Gas Distribution | 1 | 1 | 0 |
| Logistics | 1 | 1 | 0 |
| Mining & Mineral products | 0 | 2 | 2 |
| Power Generation & Distribution | 2 | 3 | 1 |
| Refineries | 0 | 3 | 3 |
| Steel | 0 | 1 | 0 |
| Insurance | 0 | 1 | 1 |
| Railways | 0 | 1 | 1 |
| Aerospace & Defence | 2 | 2 | 0 |
What is NIFTY PSE?
NIFTY PSE is a thematic index on the National Stock Exchange (NSE) which captures the performance of the Indian public sector enterprises on a real-time basis. It is constituted of 20 stocks whose 51% share capital is owned by the central and/or state government, either directly or indirectly. The NIFTY PSE stocks span 7 sectors, including Oil, Gas & Consumable Fuels (42%), Power (30.71%), Capital Goods (10.03%), Metals & Mining (5.88%), Financial Services (4.88%), Services (3.37%), and Consumer Services (3.14%).
This NIFTY PSE index was launched with the base date of January 2, 1995, and the base value at 1000. The NIFTY PSE share price since inception, has breached the levels of 3,000 at ~5x P/E multiples. It is reconstituted semi-annually in order to ensure that it continues to reflect the changing dynamics of the Indian PSE industry.
The NIFTY PSE index is owned and managed by NSE Indices Limited, previously known as India Index Services & Products Limited. The PSE index is governed by a three-tier structure comprising:
- BOD of NSE Indices: responsible for managing the index as per a detailed framework
- Index Advisory Committee (Equity): responsible for providing guidance on macro issues related to the index
- Index Maintenance Sub-Committee: responsible for the maintenance of the index’s methodology and stock selection criteria.
NIFTY PSE has a variant in the form of the NIFTY PSE Total Returns Index. This index is ideal for benchmarking fund portfolios. PSE index can also be used for launching index funds and ETFs.
Orgainisation
Nifty PSE
Exchange
NSE
Nifty PSE Stocks Selection Criteria
The NIFTY PSE share price is computed by weighting its 20 stocks on the basis of periodically capped free-float market capitalization relative to a base market capitalization value on a real-time basis.
To be included, a security must fulfill the following eligibility criteria:
- Should be listed on the National Stock Exchange.
- Should form a part of NIFTY 500.
- Should be owned to the extent of 51% by the central and/or state government.
- If the number of eligible stocks falls below 10, then in such cases, the deficit number of stocks shall be selected from the universe of top 800 ranked stocks based on both average daily turnover and average daily full market capitalization data of the previous six months from NIFTY 500’s universe.
- Should be a part of the PSE sector.
- New securities will be included, if their float-adjusted market capitalization is at least 1.5 times the index’s smallest constituent’s free-float market capitalization.
- Should have a trading frequency of at least 90% in the past six months.
- Should have a listing history of at least six months.
- A recently listed company (IPO) can be included if it meets the above eligibility criteria for a period of three months instead of six months.
- Should adhere to the cap of 33% in case of a single stock and 62% for the top 3 stocks cumulatively at the time of rebalancing.
How is Nifty PSE Calculated?
The index value is calculated as follows –
Index Value = Current Index Market Capitalization/ (Base Free Float Market Capitalization * Base Index Value)
Where,
Current Index Market Capitalization = Shares o/s * IWF * Capping factor * Price
IWF (Investible Weight Factors) = 1 as it is based on market capitalization method
The NIFTY PSE index is rebalanced semi-annually based on six months of data, with the cutoff date being January 31 and July 31 of each year. The replacement of stocks in NIFTY PSE (if any) is effective from the last trading day of March and September after giving four weeks prior notice to the market.
Nifty PSE FAQs
NIFTY PSE index includes the top 20 ranked stocks from the PSE sector based on free-float market capitalization. It is a sector-concentrated index as most of the stocks belong to the oil & gas and power sector.
How to invest in NIFTY PSE Index?
You can choose to invest in individual stocks from the NIFTY PSE index with a demat account. NIFTY PSE Futures & Options are also traded on the NSE, which has a maximum of the 3-month trading cycle.
Should you Invest in the NIFTY PSE index? Is the investment in NIFTY PSE safe?
The NIFTY PSE index has generated total returns of 4.24% in the past 5 years and 4.99% price returns since inception. This index experiences volatile returns and has earned over 7.5% dividend yield. It is a low beta index.
How has NIFTY PSE performed relative to NIFTY 50?
PSE NIFTY is not closely correlated to the NIFTY 50 index. It had mostly underperformed the benchmark index except for in 2021 when it outperformed NIFTY 50 for the first time in 5 years. The PSE sector continues to show growth potential due to divestment plans.
What is the objective of NIFTY PSE Index?
NIFTY PSE index’s basic objective is to serve as the benchmark for evaluating the Indian public sector enterprises. It is a diversified stock index suitable for replicability.
