The SX40 is the pivotal index of the MSEI, formerly known as the MCX-SX. This index is not liquid and hardly trades. The components with the relevant details are as under:

S.No.

Name of Security

Issued Capital (₹ crore)

Free Float Market Capitalisation (₹ crore)

Weightage (Per cent)

Beta

R2

1

HDFCBANK

547

5,28,284

12.07

0.93

0.51

2

RELIANCE

6,339

4,31,783

9.87

1.17

0.36

3

HDFC

345

3,41,110

7.79

1.21

0.49

4

INFY

2,183

3,04,946

6.97

0.36

0.05

5

ICICIBANK

1,292

2,79,957

6.4

1.37

0.47

6

ITC

1,228

2,24,853

5.14

0.8

0.33

7

TCS

375

2,20,184

5.03

0.41

0.07

8

KOTAKBANK

955

2,14,487

4.9

1

0.34

9

LT

281

1,81,460

4.15

1.21

0.5

10

AXISBANK

564

1,44,448

3.3

1.22

0.42

11

HINDUNILVR

216

1,40,795

3.22

0.71

0.28

12

SBIN

892

1,03,480

2.36

1.55

0.51

13

BAJFINANCE

116

96,926

2.21

1.6

0.41

14

MARUTI

151

88,844

2.03

1.37

0.42

15

INDUSINDBK

693

82,420

1.88

1.51

0.35

16

ASIANPAINT

96

79,792

1.82

0.98

0.35

17

BHARTIARTL

2,566

70,205

1.6

1.01

0.19

18

HCLTECH

271

58,627

1.34

0.42

0.06

19

TITAN

89

53,224

1.22

0.96

0.24

20

M&M

622

52,291

1.19

1.44

0.48

21

NTPC

9,895

50,682

1.16

0.54

0.1

22

POWERGRID

5,232

46,480

1.06

0.34

0.06

23

TECHM

493

45,650

1.04

0.42

0.06

24

SUNPHARMA

240

42,622

0.97

0.55

0.05

25

ONGC

6,290

42,206

0.96

1.14

0.27

26

WIPRO

1,207

37,255

0.85

0.35

0.05

27

BPCL

2,169

37,236

0.85

1.6

0.29

28

COALINDIA

6,163

35,767

0.82

0.61

0.12

29

IOC

9,414

35,896

0.82

1.44

0.28

30

HEROMOTOCO

40

35,313

0.81

1.29

0.32

31

BAJAJ-AUTO

289

35,634

0.81

0.89

0.31

32

DRREDDY

86

34,125

0.78

0.31

0.03

33

ADANIPORTS

414

32,318

0.74

1.32

0.31

34

VEDL

372

28,342

0.65

1.38

0.24

35

GRASIM

132

28,635

0.65

1.36

0.39

36

HINDALCO

225

27,975

0.64

1.1

0.28

37

TATASTEEL

1,126

27,636

0.63

1.33

0.32

38

EICHERMOT

27

24,574

0.56

1.63

0.37

39

TATAMOTORS

577

20,899

0.48

1.65

0.24

40

YESBANK

510

8,661

0.2

1.45

0.07

As can be seen, the stocks are largely in common with the Sensex and the Nifty but this index is not very actively tracked and the Sensex and the Nifty continue to be the pivotal indices for the Indian markets.