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Nifty Next 50 stocks list 2026: all 50 companies by sector
The complete Nifty Next 50 constituent list from NSE Indices after the review that took effect on 30 September 2026, grouped by industry with company counts and sector weights from the factsheet dated 30 September 2026.
In one line
The Nifty Next 50 holds 50 companies across 14 industries as of 2 October 2026, with Financial Services the largest group at 11 companies, according to NSE Indices' official constituent file, which includes the five replacements that took effect on 30 September 2026.
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Financial Services: 11 companies
Financial Services is the largest industry group in the Nifty Next 50, with 11 companies in NSE Indices' official constituent file. Four of them, Bank of Baroda, Canara Bank, Punjab National Bank, and Union Bank of India, also appear in NSE Indices' separate Nifty PSU Bank constituent file. The full group is Bajaj Holdings & Investment, Bank of Baroda, Canara Bank, Cholamandalam Investment and Finance Company, HDFC Asset Management Company, Indian Railway Finance Corporation, Muthoot Finance, Power Finance Corporation, Punjab National Bank, Tata Capital, and Union Bank of India.
Capital Goods: 10 companies
Capital Goods has 10 companies in the Nifty Next 50 constituent file: ABB India, CG Power and Industrial Solutions, Cummins India, Hindustan Aeronautics, Hitachi Energy India, Mazagoan Dock Shipbuilders, Polycab India, Siemens Energy India, Siemens, and Tata Motors, the last of these trading under the symbol TMCV. Hitachi Energy India and Polycab India joined in the review that took effect on 30 September 2026.
Power, automobile, metals and energy: 18 companies
The next group brings together 18 companies from five CSV industry labels. Power has 4 companies: Adani Energy Solutions, Adani Green Energy, Adani Power, and Tata Power. Automobile and Auto Components has 4: Bosch, Hyundai Motor India, Samvardhana Motherson International, and TVS Motor Company. Metals & Mining has 4: Hindustan Zinc, Jindal Steel, Vedanta Aluminium Metal, and Vedanta. Oil Gas & Consumable Fuels has 3: Bharat Petroleum Corporation, GAIL (India), and Indian Oil Corporation. Healthcare has 3: Divi's Laboratories, Torrent Pharmaceuticals, and Zydus Lifesciences.
Consumer, technology and other industries: 11 companies
The remaining 11 companies span seven more CSV industry labels. Fast Moving Consumer Goods has 3 companies: Britannia Industries, Godrej Consumer Products, and Varun Beverages. Information Technology has 2: LTM and Wipro. Chemicals has 2: Pidilite Industries and Solar Industries India. Construction Materials, Consumer Services, Realty, and Telecommunication have 1 each: Ambuja Cements, Avenue Supermarts, DLF, and Vodafone Idea.
How the Nifty Next 50 is built
NSE Indices' equity index methodology document defines the Nifty 100 as the top 100 companies by full market capitalisation from the Nifty 500, and it defines the Nifty Next 50 as the balance 50 companies from the Nifty 100 after excluding the Nifty 50 companies. The same methodology document states elsewhere that the Nifty 100 tracks the combined portfolio of Nifty 50 and Nifty Next 50, and that all constituents forming part of Nifty 50 and Nifty Next 50 together constitute the Nifty 100.
The Nifty Next 50 factsheet gives the review rule directly: the index is re-balanced on a semi-annual basis, with cut-off dates of January 31 and July 31 each year, and four weeks' prior notice is given to the market before a scheduled change takes effect. On weight, the factsheet and the methodology document both cap the cumulative weight of stocks that are not available for trading in the futures and options segment at 10% of the index, with each such stock individually capped at 4.5%, realigned each quarter on the last trading day of March, June, September, and December.
The 30 September 2026 review: 5 left, 5 joined
NSE Indices' press release dated August 10, 2026 announced the replacements from its semi-annual review of broad market indices, and NSE circular NSE/FAOP/76610, dated September 29, 2026, lists the same changes for the Nifty Next 50. They took effect from September 30, 2026 (close of September 29, 2026). Five companies left: Indian Hotels Co., Lodha Developers, REC, Shree Cement, and United Spirits. The press release says all five were excluded because they left the Nifty 100, the parent index of the Nifty Next 50.
Five companies joined: Hitachi Energy India, Polycab India, Vedanta Aluminium Metal, Vodafone Idea, and Wipro. In the same review Wipro left the Nifty 50 and BSE Ltd. joined it, and the press release notes that constituents of the reconstituted Nifty 100 that are not part of the Nifty 50 are included in the Nifty Next 50. The lists above already show the index after these changes.
The March 2026 change
The change before that came through Download Ref No. NSE/FAOP/72971, dated February 24, 2026, which refers to an NSE Indices press release dated February 23, 2026. The change took effect from March 30, 2026 (close of March 27, 2026): Bajaj Housing Finance, Havells India, ICICI Lombard General Insurance Company, Info Edge (India), JSW Energy, and Life Insurance Corporation of India were excluded, and Cummins India, HDFC Asset Management Company, Muthoot Finance, Tata Capital, Tata Motors, and Union Bank of India were included. All six included companies appear in the Nifty Next 50 constituent file fetched for this page on 2 October 2026, and none of the six excluded companies does.
Sector weights
NSE Indices' Nifty Next 50 factsheet, dated September 30, 2026, breaks the index down by sector weight across 14 sectors. On that date, Capital Goods carried the largest weight at 20.25%, ahead of Financial Services at 17.65%, so the largest industry by company count is not the largest by weight. Automobile and Auto Components came third at 9.76%.
How to use this list
The factsheet states the index's purpose directly: 'Nifty Next 50 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.' The list on this page is the Nifty Next 50 membership as published in NSE Indices' official constituent file, fetched for this page on 2 October 2026. Index funds and exchange traded funds that track the Nifty Next 50 hold the index's constituents, and membership changes at a semi-annual review, or sooner for a corporate event. Check NSE Indices' constituent file again after the next scheduled review before relying on this list.
FAQ6 reader questions · AEO-eligible
Common questions on nifty next 50 stocks list.
How many stocks are in the Nifty Next 50?
The Nifty Next 50 has 50 companies, according to NSE Indices' official constituent file fetched for this page on 2 October 2026. The list spans 14 industry labels, from Financial Services with 11 companies down to four industries with just 1 company each.
What is the difference between Nifty 50 and Nifty Next 50?
NSE Indices' methodology document defines the Nifty Next 50 as the balance 50 companies from the Nifty 100 after excluding the Nifty 50 companies, and it states that the two together constitute the Nifty 100. The Nifty 50 and the Nifty Next 50 do not share any company between them, and combined they make up the full 100 stock Nifty 100 index.
How often does the Nifty Next 50 list change?
NSE Indices reviews the Nifty Next 50 on a semi-annual basis, using cut-off dates of January 31 and July 31 each year, with four weeks' prior notice given before a scheduled change takes effect. A corporate event such as a merger, demerger, or delisting can also force a change outside that cycle.
When did the Nifty Next 50 list last change?
From September 30, 2026 (close of September 29, 2026), under NSE Indices' press release dated August 10, 2026 and NSE circular NSE/FAOP/76610: Indian Hotels Co., Lodha Developers, REC, Shree Cement, and United Spirits left, and Hitachi Energy India, Polycab India, Vedanta Aluminium Metal, Vodafone Idea, and Wipro joined.
Where can I download the official Nifty Next 50 list?
NSE Indices publishes the constituent file at niftyindices.com under Index Constituent, and NSE mirrors the same file at nsearchives.nseindia.com. Both copies matched byte for byte when fetched for this page.
Which industry has the most companies in the Nifty Next 50?
Financial Services is the largest industry group by company count, with 11 companies spanning banks, an asset manager, and non-banking finance companies. By sector weight, NSE Indices' factsheet dated 30 September 2026 puts Capital Goods first at 20.25%, with Financial Services second at 17.65%.
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