Alternative to Sensex and Nifty – “Niche14 Index”

Are you looking for an alternate index to that of Sensex and Nifty? We have created an unique index that covers Refinery, Telecom, Software, Bank, Housing and Lease Finance, Personal Care, FMCG, Media, Infrastructure, Cements, Paints, Cars and Two-wheeler Automobiles and Pharmaceuticals companies in India. This Index called “Niche14” will be a guide to your investing. As always please invest at your own risk! This index is just formed to guide to take your own decisions of picking stocks as an example of how to frame your own index that suits your needs.


The below index is formed based on high market capitalization, consistent dividends, large and prominent companies and showcasing the five year trailing PE. Choosing companies below 20PE (price to earnings ratio) gives investors clue that they are not paying more for the respective equity. The index below goes good with Benjamin Graham’s ideas on investment.

Niche14 Index: (5 years trailing PE)
1. RELIANCE P1300 PE16 Refinery and Telecom
2. TCS P2000 PE18 Software / HCLTECH P1000 PE21 Software
3. INFY P780 PE12 Software / WIPRO P230 PE9 Software
4. HDFCBANK P1200 PE21 Bank / AXISBANK P700 PE35 Bank
5. KOTAKBANK P1600 PE50 Bank / ICICIBANK P450 PE34 Bank
6. HDFC P2000 PE28 Housing Finance / BAJFINANCE P4000 PE34 Lease Finance
7. HINDUNILVR P2000 PE90 Personal Care
8. ITC P250 PE26 FMCG / ZEEL P270 PE19 Media
9. LT P1450 PE29 Infra / ULTRACEMCO P4400 PE52 Cement
10. ASIANPAINT P1770 PE95 Paint
11. MARUTI P6770 PE31 Cars Auto / TATAMOTORS P120 PE0 Auto
12. BAJAJ-AUTO P3000 PE23 Auto
13. SUNPHARMA P400 PE21 Pharma
14. DRREDDY P2700 PE36 Pharma / LUPIN P700 PE14 Pharma

See also, Why Sensex doesn’t reflect true character of market and economy

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