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The Nifty Next 50 is NSE India’s broad market Index of equity stocks belonging to the Largecap Companies in India. It represents the balance of 50 companies from NIFTY 100 after excluding the NIFTY 50 companies. The cumulative weight of non-F&O stocks in the Index is capped at 15% on quarterly rebalance dates. Further, non-F&O stocks in the Index are individually limited at 4.5% on quarterly rebalance dates.