The NIFTY 50
Fear & Greed Index
One number for the mood of the Indian market — built from momentum, volatility, and the rupee. A contrarian reference point, not a trading signal.
Embed this widget →The three components
The index is an equally weighted average of three readings — each a different angle on how Indian investors are behaving. A fourth component (foreign institutional flow from NSE) is in development and will be added when the data pipeline is live.
History
Daily readings since coverage began. Bands shade the 0–100 score by sentiment zone — extreme fear at the bottom, extreme greed at the top.
Methodology
Each component is percentile-ranked against its trailing two-year distribution, then equal-weighted into a 0–100 composite. This treats every component as a contextual reading — "how unusual is today versus the recent past" — rather than an absolute threshold.
Market Momentum
NIFTY 50 vs its 125-day moving average, expressed as a ratio. The ratio is percentile-ranked against the trailing two years. Above the MA = positive momentum; how far above (vs history) sets the score.
Volatility
20-day annualized downside deviation (std-dev of negative returns only). Percentile-ranked over two years, then inverted — high downside vol means fear (low score), calm conditions mean greed (high score).
Currency
USD/INR 20-day percentage change, percentile-ranked and inverted. A weakening rupee (USD/INR rising) signals risk-off behaviour and pulls the score toward fear; a firming rupee leans toward greed.
Foreign Flow Coming soon
NSE FII/DII net buy data is the planned fourth component. The model will reweight to equal 25% across four components once the data pipeline is in production.