What is the Nifty Hospitals Index? Constituents, Historical Performance, and Selection Criteria

On June 15, 2026, NSE Indices Limited, a subsidiary of NSE Limited, introduced the Nifty Hospital Index, which tracks the performance of top hospital stocks from the Nifty Total Market Index.

Let’s understand what the Nifty Hospitals Index is, how it works, its constituents, historical performance, and stock selection criteria.

What is the Nifty Hospitals Index?

The Nifty Hospitals Index is a sectoral index that tracks the performance of the leading hospital companies listed on the National Stock Exchange (NSE). The constituent stocks are selected from the Nifty Total Market Index based on other selection criteria set by the NSE Indices Ltd.

The Nifty Hospitals Index can be used to benchmark fund portfolios and the issuance of exchange-traded funds (ETFs), index funds, and other sector-related investment products.

How Does the Nifty Hospitals Index Work?

The Nifty Hospitals Index is designed to measure and reflect the performance of hospital stocks included in the Nifty Total Market Index. The constituent stocks are weighted by their free-float market capitalisation to ensure high liquidity, enabling investors to enter and exit positions seamlessly.

The Nifty Hospitals Index is governed through a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity), and the Index Maintenance Sub-Committee. These committees are responsible for reconstituting, rebalancing, and maintaining the index.

Constituents of the Nifty Hospitals Index

The following are the top 10 most prominent constituents of the Nifty Hospital Index, ranked as per their respective weight as of June, 2026.

Nifty Hospitals Index Historical Performance

Although the Nifty Hospitals Index was launched recently, the NSE Indices has calculated its historical performance based on its current constituents and their respective weights.

As per NSE data as of June 2026, the Nifty Hospitals Index delivered a 5-year total return of 30.33% (CAGR), compared with 9.99% for the Nifty 50 Index over the year.

The Nifty Hospitals Index has an average 5-year Beta of 0.61 relative to the Nifty 50, indicating that it is less volatile than the broader market.

In the above Index chart, you can see that the Nifty Hospitals Index has been in a consistent uptrend, hitting a peak around ₹4,500 in September 2025 with interim corrections in January and May 2026.

Selection Criteria for the Nifty Hospitals Index

The following are the stock selection criteria and index methodology of the Nifty Hospital Index.

• The index has a base date of March 31, 2021, with a base value of 1000.
• Stocks included in the Nifty Total Market Index at the time of review are eligible for inclusion in the index.
• Stocks must belong to the eligible basic industries to be included in the index at the time of review.
• The weight of each stock in the index is based on free float market capitalisation.
• The Index is reconstituted semi-annually and rebalanced quarterly.
• Weights of each stock are capped at 20%.
• There must be a minimum of 10 stocks in the index.

FAQs

What is the Nifty Hospitals Index?

Nifty Hospitals Index is a sectoral index that tracks the performance of all the hospital stocks within the Nifty Total Market Index.

When was the Nifty Hospitals Index launched?

NSE Indices Ltd. launched the Nifty Hospitals Index on June 15, 2026.

How are stocks selected for the Nifty Hospitals Index?

Stocks included in the Nifty Hospitals Index are selected from the Nifty Total Market Index based on the eligibility criteria set by NSE Indices Limited.

When is the Nifty Hospitals Index reconstituted and rebalanced?

The Nifty Hospitals Index is reconstituted semi-annually and rebalanced quarterly by NSE Indices Ltd.