The Stock Market is always in Motion and latest Reshuffle in Nifty and Banknifty Index reminds us how dynamic the game Is
Let's talk about what changed in Nifty50 and Nifty Bank constituents weightage change
Nifty50:The Big players Holds the Strong!
The Nifty50 index—The flagship Benchmark continues to be mirror of our stock market and based on free Float market capitalisation method Nifty50 small Shifts
Highest weightage Stocks in Nifty50
- Hdfc Bank:13.07%
- ICICI Bank:8.95%
- Reliance Industries:8.12%
- Infosys:6.41%
- Bharti Airtel:4.37%
- LT:4.06%
Financial Sector Dominates the nifty,Alone it holds 37.30% weightage it Followed by IT which holds 11.91% weightage and FMCG, Auto and Telecome holds 6-7% Weightage
Nifty Bank:The Banking Growth
Nifty Bank is more focused story,it's heartbeat of Indian Banking sector with 12 Constitutes
Highest Weightage Stocks in Nifty Bank
- Hdfc bank:28.27%
- ICICI Bank:25.38%
- Kotak Mahindra Bank:8.53%
- State Bank of India:8.51%
- Axis Bank:8.40%
- Federal Bank:3.81
Hdfc Bank Holds higher position in both nifty and banknifty,We can say This bank can decide entire mood of Stock markets and Top three stocks from Nifty Which is Hdfc bank, ICICI Bank and Reliance Industries hold about 30% of Nifty
From Nifty Bank HDFC Bank and ICICI Bank holds more 50% weightage, Meaning any move from these two giants can heavily sway Nifty Bank's Direction!
Disclaimer:
The information provided in this article is for educational and informational purposes only and should not be considered as investment advice or a recommendation to buy or sell any financial instruments.
