% Big names that are out of the index include BHEL, Sterlite Industries, Jindal Steel, Ambuja Cement, ACC, and SAIL. % The new entrants comprise Asian Paints, Britannia, Titan, NestlĂ©, BAF (Bajaj Finance), and Bajaj Finserv. % RIL, Infosys, ICICI Bank, and HDFC feature among the top five heavyweights even after a decade. % Twenty, or 40%, of components that were part of the Nifty50 in December 2010 are no longer part of the index today. % Sector weighting has also changed — those with high weighting a decade ago were oil and gas (14.7%), private banks (14.5%), and IT (14.3%). Sectors with high weighting in 2020 were private banks (24.7%), IT (16.3%) and oil and gas (12.5%). % Sectors which lost the most were metals (640 bps), and capital goods (610 bps); the biggest gainers were private banks (1,020 bps) and consumer (470 bps).
Friday, January 8, 2021
Nearly 40% components of Nifty50 changed in a decade ending in Dec 2020
Labels:
Banking,
Investment
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