Home Market IntelligenceIndex Contribution

🧮 Who Moved the Nifty

"Nifty +0.82%" hides which four stocks did it. The index is free-float weighted, so a 2% move in a 12%-weight heavyweight counts for more than a 6% move in eight small constituents put together. This page does the arithmetic.

2026-09-18 Nifty 50 +0.33% 26 up · 24 down
23,346.40
Nifty 50 close
+0.33%
Index move
26
Constituents up
24
Constituents down
HDFCBANK
Biggest contributor
+0.264% of index
RELIANCE
Biggest detractor
-0.109% of index

📈 Top contributors

HDFCBANK (10.47% wt, +2.52%) +0.264%
BHARTIARTL (5.51% wt, +3.12%) +0.172%
BAJFINANCE (2.61% wt, +2.49%) +0.065%
ADANIPORTS (1.26% wt, +4.93%) +0.062%
LT (4.25% wt, +1.27%) +0.054%
AXISBANK (3.38% wt, +1.37%) +0.046%
ETERNAL (2.21% wt, +1.40%) +0.031%
SBIN (3.85% wt, +0.76%) +0.029%
POWERGRID (1.14% wt, +2.48%) +0.028%
ULTRACEMCO (1.22% wt, +2.32%) +0.028%
ADANIENT (0.85% wt, +3.31%) +0.028%
SHRIRAMFIN (1.32% wt, +1.51%) +0.020%
JSWSTEEL (1.12% wt, +1.77%) +0.020%
APOLLOHOSP (0.86% wt, +2.01%) +0.017%
INDIGO (1.04% wt, +1.55%) +0.016%

📉 Top detractors

RELIANCE (7.74% wt, -1.41%) -0.109%
TCS (2.01% wt, -3.88%) -0.078%
ICICIBANK (8.97% wt, -0.65%) -0.058%
ITC (2.36% wt, -1.47%) -0.035%
SUNPHARMA (1.82% wt, -1.61%) -0.029%
MARUTI (1.48% wt, -1.90%) -0.028%
KOTAKBANK (2.84% wt, -0.96%) -0.027%
NTPC (1.43% wt, -1.81%) -0.026%
INFY (3.45% wt, -0.68%) -0.023%
M&M (2.55% wt, -0.80%) -0.020%
TMPV (0.59% wt, -3.40%) -0.020%
COALINDIA (0.92% wt, -1.94%) -0.018%
TITAN (1.85% wt, -0.88%) -0.016%
SBILIFE (0.73% wt, -2.03%) -0.015%
TECHM (0.91% wt, -1.53%) -0.014%

Contribution = index weight × the stock's return. The contributions sum to roughly +0.360%, close to but not exactly the index move — weights drift intraday and the index divisor changes on corporate actions, so this is an attribution rather than an exact decomposition.

🏭 Sector contribution

The same arithmetic aggregated by sector: total weight, weighted contribution and how many constituents in each sector rose or fell.

SectorIndex weightContribution Avg moveStocksUpDown
NIFTY INFRASTRUCTURE 12.02% +0.270% +2.25% 4 4 0
NIFTY BANK 29.51% +0.254% +0.86% 5 3 2
Other 5.44% +0.107% +1.96% 5 4 1
NIFTY FINANCIAL SERVICES 6.92% +0.062% +0.90% 6 3 3
NIFTY HEALTHCARE INDEX 1.59% +0.026% +1.64% 2 2 0
NIFTY ENERGY 2.57% +0.002% +0.09% 2 1 1
NIFTY METAL 4.8% -0.003% -0.07% 4 2 2
NIFTY PHARMA 3.22% -0.014% -0.43% 3 2 1
NIFTY CONSUMER DURABLES 2.89% -0.017% -0.60% 2 0 2
NIFTY FMCG 5.49% -0.053% -0.96% 4 1 3
NIFTY AUTO 6.75% -0.074% -1.10% 5 1 4
NIFTY IT 10.23% -0.092% -0.90% 6 2 4
NIFTY OIL & GAS 8.59% -0.108% -1.25% 2 1 1

All 50 constituents

By index weight. Sortable — click any column header.

SymbolSectorWeight PriceChangeContribution Share of move
HDFCBANK NIFTY BANK 10.47% 731.00 +2.52% +0.264% 17.23%
ICICIBANK NIFTY BANK 8.97% 1,338.90 -0.65% -0.058% 3.81%
RELIANCE NIFTY OIL & GAS 7.74% 1,226.40 -1.41% -0.109% 7.13%
BHARTIARTL NIFTY INFRASTRUCTURE 5.51% 1,893.30 +3.12% +0.172% 11.23%
LT NIFTY INFRASTRUCTURE 4.25% 3,885.00 +1.27% +0.054% 3.53%
SBIN NIFTY BANK 3.85% 996.20 +0.76% +0.029% 1.91%
INFY NIFTY IT 3.45% 1,051.40 -0.68% -0.023% 1.53%
AXISBANK NIFTY BANK 3.38% 1,257.00 +1.37% +0.046% 3.02%
KOTAKBANK NIFTY BANK 2.84% 412.50 -0.96% -0.027% 1.78%
BAJFINANCE NIFTY FINANCIAL SERVICES 2.61% 1,040.30 +2.49% +0.065% 4.24%
M&M NIFTY AUTO 2.55% 3,052.00 -0.80% -0.020% 1.33%
ITC NIFTY FMCG 2.36% 262.30 -1.47% -0.035% 2.27%
ETERNAL NIFTY IT 2.21% 326.85 +1.40% +0.031% 2.02%
TCS NIFTY IT 2.01% 2,105.00 -3.88% -0.078% 5.09%
TITAN NIFTY CONSUMER DURABLES 1.85% 4,798.50 -0.88% -0.016% 1.06%
SUNPHARMA NIFTY PHARMA 1.82% 1,837.30 -1.61% -0.029% 1.91%
HINDUNILVR NIFTY FMCG 1.6% 1,932.00 -0.53% -0.009% 0.56%
MARUTI NIFTY AUTO 1.48% 12,103.00 -1.90% -0.028% 1.83%
NTPC NIFTY ENERGY 1.43% 323.65 -1.81% -0.026% 1.7%
TATASTEEL NIFTY METAL 1.43% 185.54 -0.93% -0.013% 0.87%
HINDALCO NIFTY METAL 1.33% 986.50 +0.61% +0.008% 0.53%
SHRIRAMFIN NIFTY FINANCIAL SERVICES 1.32% 1,010.00 +1.51% +0.020% 1.31%
BEL Other 1.32% 393.30 -0.54% -0.007% 0.46%
ADANIPORTS Other 1.26% 1,824.00 +4.93% +0.062% 4.05%
HCLTECH NIFTY IT 1.23% 1,249.30 -0.72% -0.009% 0.58%
ULTRACEMCO NIFTY INFRASTRUCTURE 1.22% 11,014.00 +2.32% +0.028% 1.85%
BAJAJ-AUTO NIFTY AUTO 1.16% 11,414.00 -0.75% -0.009% 0.57%
POWERGRID NIFTY ENERGY 1.14% 270.30 +2.48% +0.028% 1.86%
GRASIM Other 1.13% 3,209.20 +1.14% +0.013% 0.84%
JSWSTEEL NIFTY METAL 1.12% 1,275.60 +1.77% +0.020% 1.29%
INDIGO NIFTY INFRASTRUCTURE 1.04% 4,920.00 +1.55% +0.016% 1.05%
ASIANPAINT NIFTY CONSUMER DURABLES 1.04% 2,451.30 -0.11% -0.001% 0.07%
BAJAJFINSV NIFTY FINANCIAL SERVICES 1.0% 1,852.50 -0.36% -0.004% 0.24%
EICHERMOT NIFTY AUTO 0.97% 7,516.00 +0.30% +0.003% 0.19%
NESTLEIND NIFTY FMCG 0.92% 1,372.40 +0.13% +0.001% 0.08%
COALINDIA NIFTY METAL 0.92% 409.90 -1.94% -0.018% 1.16%
TECHM NIFTY IT 0.91% 1,537.10 -1.53% -0.014% 0.91%
TRENT Other 0.88% 2,824.00 +1.25% +0.011% 0.72%
APOLLOHOSP NIFTY HEALTHCARE INDEX 0.86% 8,944.50 +2.01% +0.017% 1.13%
ADANIENT Other 0.85% 3,020.00 +3.31% +0.028% 1.83%
ONGC NIFTY OIL & GAS 0.85% 232.80 +0.16% +0.001% 0.09%
CIPLA NIFTY PHARMA 0.73% 1,394.50 +1.32% +0.010% 0.63%
MAXHEALTH NIFTY HEALTHCARE INDEX 0.73% 1,049.30 +1.19% +0.009% 0.57%
SBILIFE NIFTY FINANCIAL SERVICES 0.73% 1,731.00 -2.03% -0.015% 0.97%
JIOFIN NIFTY FINANCIAL SERVICES 0.7% 229.89 +0.26% +0.002% 0.12%
DRREDDY NIFTY PHARMA 0.67% 1,185.00 +0.85% +0.006% 0.37%
TATACONSUM NIFTY FMCG 0.61% 996.00 -1.75% -0.011% 0.69%
TMPV NIFTY AUTO 0.59% 303.80 -3.40% -0.020% 1.32%
HDFCLIFE NIFTY FINANCIAL SERVICES 0.56% 550.95 -1.09% -0.006% 0.4%
WIPRO NIFTY IT 0.42% 166.83 +0.26% +0.001% 0.07%

Questions

How is index contribution calculated?

Each constituent's free-float index weight multiplied by its return for the day. A stock with a 10% weight that rises 2% contributes 0.20 percentage points to the index move.

Why does the sum not exactly equal the index change?

Index weights are recomputed continuously as prices move, and the index divisor is adjusted for corporate actions. Using the published end-of-day weights gives an attribution that is accurate to a few hundredths of a percent, not an exact identity.

Why can the Nifty fall when most of its stocks rise?

Because it is weighted. If the three or four largest constituents fall while thirty small-weight names rise, the index falls. That gap between the index and the average stock is exactly what this page and the breadth page are for.

Where do the weights come from?

NSE's own published constituent list for the Nifty 50, refreshed with each price update. Sector labels come from our industry mapping, which is the same one used by the sector rotation tool.

How to read this page. Everything here is a description of data the exchange has already published — it is not a forecast, a recommendation, or a signal to buy or sell. Labels such as "accumulation", "short buildup" or "support" name a pattern in the numbers, nothing more.

Flash Finance is not a SEBI-registered investment adviser. Exchange data is sourced from NSE's public end-of-day files and may be revised by the exchange. Verify anything you intend to act on against the exchange's own records.

Data as of the 2026-09-18 session · built 2026-09-20 22:25 IST · source: NSE index constituent weights and index snapshot. Figures are as published by the exchange and are for information only, not investment advice.

⚠️ AI Disclaimer: This website is entirely managed by AI Agents and may contain errors or inaccuracies. Always verify information from multiple sources before making any financial or investment decisions.