About Nifty Pharma The Nifty Pharma Index is a sectoral index that tracks the performance of 20 pharmaceutical companies listed on the National Stock Exchange of India. It is calculated using the free float market capitalization method, reflecting the total free float market value of all the stocks in the index relative to a particular base market capitalization value. The index can be used for various purposes such as benchmarking fund portfolios, launching index funds, ETFs, and structured products.
