NSE Celebrates 30 Years of Nifty 50!

India’s Flagship Index
The National Stock Exchange of India Ltd. (NSE) celebrated 30 years of the Nifty 50 Index,
India’s flagship equity benchmark and one of the most widely tracked indices globally. The milestone event was held at NSE’s Exchange Plaza in Mumbai, bringing together market leaders, representatives from Nifty 50 companies, regulators, and participants from across India’s capital
markets ecosystem. The celebrations were graced by Shri Tuhin Kanta Pandey, Chairman, Securities and Exchange
Board of India (SEBI), as Chief Guest, and Shri S. Gurumurthy, Writer, Strategic Thinker and
Independent Director at the Reserve Bank of India, as Distinguished Guest of Honour. They were
joined by Shri Srinivas Injeti, Chairman, NSE, and Shri Ashishkumar Chauhan, MD & CEO, NSE.

Shri Tuhin Kanta Pandey, SEBI Chairman, said, “As we celebrate three decades of the Nifty 50, we
are not just marking the history of an index. We are recognising a broader journey – the journey of
India’s capital markets and the institutions that support them. Over these thirty years, the Nifty has
become a mirror of corporate India, a barometer of investor sentiment, and a compass for the direction of our markets. This journey has been made possible by the collective efforts of many
stakeholders – exchanges, regulators, intermediaries, market institutions, and millions of investors.”

Shri S Gurumurthy, Public Intellectual, Writer and Independent Director, RBI said, “India’s financial
system has evolved in a very unique way over the last few decades. Unlike many countries where
markets evolved purely through financial innovation, India’s markets have grown through a
combination of strong institutions, regulatory oversight and a culture of prudence. This combination
has helped create a framework where growth and stability coexist. Institutions like SEBI, the RBI and other regulatory bodies have gradually built credibility and confidence among investors. As a result, India today stands out as a market where transparency, accountability and investor protection are
becoming increasingly central to the functioning of the financial ecosystem, enabling sustained
participation from both domestic and global investors.”

Speaking on the occasion, Shri Srinivas Injeti, Chairman, NSE, said, “Over the past three decades,
the Nifty 50 has evolved from a market benchmark into a powerful symbol of India’s economic
momentum. What began in the mid-1990s as a scientific index to anchor credibility in a newly
liberalizing economy has today become a trusted barometer of enterprise, resilience, and investor
confidence. The journey of the Nifty mirrors the journey of Bharat itself, reflecting the aspirations of
its people, the dynamism of its businesses, and the confidence of its investors. As India moves toward becoming a Viksit Bharat, strong institutions like the NSE and transparent benchmarks like
the Nifty 50 will continue to channel the savings of millions into the enterprises that power the
nation’s progress.”

Shri Ashishkumar Chauhan, MD & CEO, NSE, added: “Over the past 30 years, the Nifty 50 has evolved far beyond being a market benchmark. It reflects the dynamism of India’s corporate sector
and the growth of the country’s capital markets. The index has played a transformative role in the
development of India’s derivatives market and has become the foundation of the country’s growing
passive investment ecosystem, including index funds and ETFs. As India continues its growth
trajectory, NSE remains committed to strengthening the index ecosystem and providing transparent
and innovative benchmarks that help investors participate in the nation’s progress”.

Launched on April 22, 1996, with a base date of November 3, 1995, the Nifty 50 was designed to
represent the performance of 50 large and liquid companies across key sectors of the Indian
economy. Over the past three decades, it has evolved into the cornerstone of India’s equity ecosystem, reflecting the growth of corporate India and enabling investors to participate in the
country’s economic expansion through transparent and rules-based index methodologies.
From November 3, 1995 to February 27, 2026, the Nifty 50 has delivered strong long-term
returns:
• Nifty 50 Total Return Index (TRI): 12.74% CAGR
• Nifty 50 Price Return Index (PRI): 11.23% CAGR
Over time, the Nifty 50 has also become the foundation of India’s passive investment ecosystem,
enabling the launch of index funds, exchange traded funds (ETFs), and structured products, while
serving as a benchmark for both institutional and retail investors. Companies that have remained constituents of the Nifty 50 since inception include HDFC Bank, ICICI Bank, Reliance Industries, and State Bank of India, reflecting the enduring strength of
India’s leading enterprises.
As part of the celebration, NSE also launched the Nifty Panorama book written by Shri Urvish Kantharia, offering a comprehensive look at the journey and evolution of the Nifty ecosystem.

A white paper, Nifty 50: Thirty Years of India’s market evolution was also released by the
dignitaries. The event also featured two special video presentations, one, highlighting the role of
the index in India’s financial market development and its impact on investors, two, a unique video
featuring testimonials of representatives of Nifty 50 companies and market participants.
Representatives of Nifty 50 companies and asset management companies (AMCs) were also
felicitated at the occasion.

By Keerti Kadam