You are here: Home » Markets » News
Business Standard

Nearly 40% components of Nifty50 change in a decade, shows data

Big names that are out of the index include BHEL, Sterlite Industries, Jindal Steel, Ambuja Cement, ACC, and SAIL

Topics
Nifty50 | HDFC | Asian Paints

Ashley Coutinho  |  Mumbai 

Nifty50, nifty
The new entrants comprise Asian Paints, Britannia, Titan, Nestlé, 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 in December 2010 are no longer part of the index today. 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, Nestlé, BAF (Bajaj Finance), and Bajaj Finserv. RIL, Infosys, ICICI Bank, and feature among the top five heavyweights even after a decade.

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%).

chart

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).

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, January 05 2021. 01:13 IST
RECOMMENDED FOR YOU
.