Technical Analysis of Indian Equities by Nooresh

Nifty Calculator June 2019 – Banking and Financial Sector crosses 40% weight

Nifty Calculator

Click to download -

NIFTYCALCULATORJune2019www.nooreshtech.co_.in_

 

Sectoral Weights

Jun-19
Sector Weight(%)
FINANCIAL SERVICES 40.39
ENERGY 14.37
IT 13.71
CONSUMER GOODS 10.66
AUTOMOBILE 5.71
METALS 3.6
CONSTRUCTION 3.99
PHARMA 2.15
CEMENT & CEMENT PRODUCTS 1.74
TELECOM 1.84
FERTILISERS & PESTICIDES 0.72
MEDIA & ENTERTAINMENT 0.42
SERVICES 0.67

 

Interesting Observations

  • HDFC and HDFC Bank are 18.84% of the Nifty 50
  • Top 5 names are 39.43% of the index
  • Top 10 is 60.73% of the index
  • Top 20 is 77.82% of the index
  • The concentration towards the top weights has increased in last few months.
  • Banking and Financials now constitute 40.39% of the Index.
  • Private Banks now constitute 26.34% of the Index.
  • HDFC BANK at 10.99% of the index.
  • PSU companies are now less than 10% of the index.

 

Sectoral Weights over last few months

Jun-19 May-19 Apr-19 Mar-19 Feb-19
Sector Weight(%) Weight(%) Weight(%) Weight(%) Weight(%)
FINANCIAL SERVICES 40.39 39.87 37.95 38.85 37.19
ENERGY 14.37 14.74 15.31 15.3 15.44
IT 13.71 13.76 14.46 13.66 14.83
CONSUMER GOODS 10.66 10.74 11.24 11.3 10.81
AUTOMOBILE 5.71 5.94 6.11 6.09 6.58
METALS 3.6 3.43 3.72 3.69 3.81
CONSTRUCTION 3.99 4 3.51 3.66 3.69
PHARMA 2.15 2.21 2.43 2.42 2.53
CEMENT & CEMENT PRODUCTS 1.74 1.76 1.77 1.61 1.63
TELECOM 1.84 1.71 1.62 1.51 1.55
FERTILISERS & PESTICIDES 0.72 0.76 0.75 0.75 0.75
MEDIA & ENTERTAINMENT 0.42 0.41 0.51 0.53 0.60
SERVICES 0.67 0.68 0.65 0.64 0.59

 

Recent Changes in Nifty

Nifty 50 02-04-2018 Ambuja Cements Ltd. Exclusion from Index
Nifty 50 02-04-2018 Aurobindo Pharma Ltd. Exclusion from Index
Nifty 50 02-04-2018 Bosch Ltd. Exclusion from Index
Nifty 50 02-04-2018 Bajaj Finserv Ltd. Inclusion into Index
Nifty 50 02-04-2018 Grasim Industries Ltd. Inclusion into Index
Nifty 50 02-04-2018 Titan Company Ltd. Inclusion into Index
Nifty 50 28-09-2018 Lupin Ltd. Exclusion from Index
Nifty 50 28-09-2018 JSW Steel Ltd. Inclusion into Index
Nifty 50 29-03-2019 Hindustan Petroleum Corporation Ltd. Exclusion from Index
Nifty 50 29-03-2019 Britannia Industries Ltd. Inclusion into Index

 

Nifty Kya Lagta hai ?

Every technical analyst/fundmental analyst/ strategist and even the paanwala talks about Nifty/Sensex has an answer to the question – Nifty kya lagta hai ?

9 out of 10 people will give you an answer.

But if you ask them tell us top 5-10 stocks which will lead the market in the direction they say only a couple of them will have the answers.

You can find your own possible targets by playing around with the Nifty calculator which may be a better estimate.

What is Nifty Calculator ?

-> As per the weightages given by NSE for Nifty stocks we have created the Nifty Calculator.

-> Change the expected price and the expected Nifty will change accordingly

-> Create 3 different sheets for yourself–

Pessimistic ( where you put the worst possible prices you think )

Optimistic ( the best prices possible)

Neutral/Rational/Technical / Fundamental ( prices on any reasoning )

Please Note as weightages change every day by small margin this will not give an accurate estimate but will be approximate.

 

Article by Nooresh Merani

Nooresh has written 2755 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 3 comments… add one }
  • Rishabh Zaveri July 8, 2019, 19:58

    Out of the Box thinking. Amazing effort.

    Reply
  • અંકુર July 14, 2019, 22:33

    Nifty production for 3 month

    Reply
  • Hitendra Rathod July 28, 2019, 13:10

    Very good artical

    Reply

Leave a Comment