Nifty IT yields 3.6%, more than twice the Nifty 50

The number

On 19 October 2026 the Nifty 50 had a dividend yield of 1.50%. The Nifty IT index had 3.60%. NSE publishes valuation figures for 187 indices on that date, and 145 of them carry a dividend yield. The median of those 145 was 1.14%.

Dividend yield is the dividends the index's companies pay over a year divided by the index level, as NSE calculates it. It is a ratio of two moving numbers, so it rises when payouts rise and also when the index falls.

The top of the list

How to read it

The REIT indices are a different animal. The top two rows hold real estate and infrastructure trusts, which distribute most of their income by design, so their yield and their P/E are not comparable with a company index. Their P/E of 57.7 and 71.9 is not a like-for-like valuation either. We list them first because they top the data; they are not the comparison for the other rows.

The equity leaders share a profile. After the two trust indices, nine of the next ten yields come from indices with P/E between 8.1 and 19.5; the exception is Nifty REITs & Realty at 52.3. Six of them sit under 12: Nifty High Dividend Yield 15 at 8.1, Nifty200 Value 30 at 8.7, Nifty500 Value 50 at 9.7, Nifty PSE at 10.3, Nifty Oil & Gas at 10.5 and Nifty CPSE at 11.6. These are state-owned and value-screened baskets, and a low P/E and a high yield are two views of a low price against earnings.

Nifty IT is the outlier. Its 3.60% is on a P/E of 19.5 and a P/B of 5.52, the highest P/B in the list. A high yield alongside a high price to book points to a sector that earns well on its capital and pays a large share out, rather than one that is simply cheap.

The Nifty 50 is near the middle. At 1.50% it is above the median of 1.14%. For its own history, see the Nifty 50 dividend yield in October 2026.

What a yield does not tell you

• It is backward-looking. The yield uses dividends already declared, so a company that cuts its payout shows the cut only later.
• It is before tax. Dividends are taxed at the investor's slab rate, a point covered in how dividends are taxed.
• It is the index, not a fund. An index fund tracking an index earns the dividends its holdings pay, less its expenses, and a dividend-yield fund chooses its own stocks. Funds in that category are compared in dividend yield fund returns.
• A low P/E is not a promise. Nifty High Dividend Yield 15 at 8.1 times earnings could be priced for lower future earnings.

How the figures were made

All values are NSE's own published daily P/E, P/B and dividend yield for each index, as stored on WealthTicker for 19 October 2026, the most recent date available when this post was written. The 42 indices of the 187 with no positive yield published are left out of the median. Index levels and valuation ratios change daily, so a later date will rank differently. For the other end of the table, where indices are cheapest and dearest on P/E, see cheapest and dearest NSE indices.