The Nifty Commodities Index is designed to reflect the behaviour and performance of a diversified portfolio of companies representing the commodities segment, including sectors like Oil, Petroleum Products, Cement, Power, Chemical, Sugar, Metals, and Mining. The index comprises 30 companies listed on the National Stock Exchange (NSE).
The Nifty Commodities Index is computed using the free-float market capitalization method, wherein the level of the index reflects the total free float market value of all stocks in the index relative to a particular base market capitalization value. The index uses periodic capped free-float market capitalization methodology. As of October 31, 2025, the index is calculated in real-time and consists of 30 constituents. It is managed by a professional team under a three-tier governance structure including Board of Directors of NSE Indices Limited, Index Advisory Committee (Equity), and Index Maintenance Sub-Committee.
This index is used for benchmarking fund portfolios, launching index funds, ETFs, and structured products. It serves as a comprehensive benchmark reflecting the commodities sector’s performance within the Indian equity market.
The index is rebalanced semi-annually on January 31 and July 31. Average data for six months ending the cut-off date is used in rebalancing. Market participants receive four weeks’ advance notice before changes.
The index uses a periodic capped free-float methodology with real-time calculation frequency.
Returns (Total Return Index):
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The index includes companies across sectors such as Oil, Gas & Consumable Fuels, Metals & Mining, Power, Construction Materials, Chemicals, and Capital Goods.
The index is rebalanced semi-annually using average data over the six months ending on January 31 and July 31, with four weeks' prior notice given to the market.
At the time of rebalancing, individual stock weightage is capped at 10%, and the top three stocks cumulatively are capped at 62% to ensure diversification.