#Ambanization of #Nifty50 - A short #tweetstorm. Full post on this link - nooreshtech.co.in/2020/08/ambani… #Reliance is now 14% of the Nifty. Till the time #Reliance outperforms , #Largecap #Mutualfunds to underperform?
Top 2 stocks 23.56% of the Nifty. Top 3 equal to 31.12% and Top 5 equal to 42.83%.Top 20 Stocks are 79.26% of the Index. Lower than the peak of 80.4% .
Top 10 Stocks are 62.6% of the Index. All time High Concentration.
Top 10 Stocks are 62.6% of the Index. All time High Concentration.
Banking and Financials continues to see weight drop from 40% to 33.16% .
Reliance is the largest weight at 14%. Last 23 stocks weight combined now lesser than Reliance.28 out of the Nifty50 stocks have a weight of less than 1%
Reliance is the largest weight at 14%. Last 23 stocks weight combined now lesser than Reliance.28 out of the Nifty50 stocks have a weight of less than 1%
HDFC and HDFC Bank at 16.15% and 14% Reliance makes it a combined 30% !!IT at 16.11% and Reliance at 14% + Bharti Airtel at 2.85% is now equal to Financial Services.
Pharma has gone up from 2.15% to 3.18%
Pharma has gone up from 2.15% to 3.18%
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