BFSI stocks flex muscles in Nifty50 this year, but still short of 2019 peak

The combined m-cap of 11 BFSI companies in Nifty50 is up 12.3% so far this year

The banking, financial services and insurance (BFSI) sector has turned out to be the top performer on the bourses during the current calendar year after a poor showing in 2021.

This, in turn, has resulted in a sharp rise in the BFSI sector weighting in the benchmark Nifty50 index.

The BFSI sector now has a 36.7 per cent weighting in the index, up sharply from its four-year low of 33.7 per cent at the end of December 2021.

The sector will, however, require a much bigger rally to recover its past glory.

At their peak, companies in the BFSI sector