Index Contributors

What are Index contributors?

The Index Contributors can be used to determine whether the index is bullish or bearish (Nifty contributors and Banknifty contributors). The index is made up of several equities, and the contribution of each stock depends on its weight. When more stocks are bullish, an index is said to be bullish, and when more stocks are bearish, the index is said to be bearish.

Features available in the Index Contributors?

In Nifty contributors and Banknifty, we have two types of contributors, which are Positive contributors and Negative contributors. Positive and negative bars with stock names and their contributions are displayed for the Index contributors. Positive contributions are represented by the green bar, while negative contributions are represented by the red bar. The total number of contributions is also visible above the table. The Index Contributors can be used to determine whether the index is bullish or bearish (Nifty contributors and Banknifty index contributors).

How to use Index Contributors of IntradayScreener?

The Index Contributors can be used to understand whether the index (Nifty contributors and Banknifty contributors) is bullish or bearish. The index is constituted of different stocks and each stock’s contribution is based on its weightage. An index is said to be bullish when more stocks are bullish whereas the index is said to be bearish when more stocks are bearish.