Nifty Calculator - Weightages as per 30th September 2016.
Top 10 stocks = 52.51% of Nifty This has seen a shift from 55-56% a few years back.
Top 20 stocks = 72.84% of Nifty This has seen a shift from 75-78%
Top 5 stocks = HDFC Bank Ltd, Housing Development Finance Corporation Ltd.,I T C Ltd , Infosys Ltd., Reliance Industries Ltd. measure up to 33.57% of Nifty.
- The weightages for the top 10/20 stocks has finally started drifting downwards.
- Financials continue to remain the highest weighted sector at 31.5%. Private Banks command generally quote at high P-Es and with low weightage of PSU banks the Nifty P-E will look higher then usual.
- Only two PSU Banks left in the Nifty and combined weight is only 3% !!!
- IT sector has lost weightage due to under-performance. Infosys is now at 4th position from Number 1 a few months back.