Beta and Weight of the NSE market

Generic
1

Hi ,



Just wanted to know if the NSE market Beta is always 1 and  its weightage is also 1 . Is my underatnding correct .



 Also please let me know where i can get the historic NSE market returns



Thank you !!!

With Warm Regards

Nndagopal

2

Hi Nandagopal, 

You are right, as per the definition of beta, a market such as the NIFTY index has a beta of 1. 

The index has no weightage, however, its components have weightages.



NIFTY index has 50 components. Please follow this link to know the weightage of NIFTY index components.



To get the historical NSE market returns, i.e. historical returns of the NIFTY index, you can use the yfinance library in python. 



Use the symbol '^NSEI' to download the historical data of the NIFTY index and you can calculate the returns.



Hope this helps!

Thank you