Feb 14, 2013, 04.20 PM IST
The NSE benchmark Nifty is going to get bank-heavy with the inclusion of IndusInd Bank in the 50-share house on April 1. The stock has one percent weightage as per free float calculations.
The NSE benchmark Nifty is going to get bank-heavy with the inclusion of IndusInd Bank in the 50-share house on April 1. The stock has one percent weightage as per free float calculations. Banks already have a sizeable presence in Nifty; and with IndusInd Bank joining the index, their number will go up to 10 which is by far the largest group. The combined weightage of banks on the Nifty will go up to 30 percent.
There was a time when Nifty used to be dominated by technology stocks. Wipro , a chip of the old block, leaves the index on the last day of March. Free float calculations show it had a weightage of over 1 percent. Infosys , TCS and HCL Tech remain as last bastions of the old guard.
Here are the banks & financials and their weightage in the Nifty: (*excluding IndusInd Bank’s 1% weight)
Action in Siemens
Video of the day
Dec 11 2013, 09:54
- in Business
Dec 4 2013, 11:08
- in FII View
We notice that this Email ID is already verified against Moneycontrol User ID. Just enter your password and login to Set Alert.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.