India's major equity index has seen change in weightage since last year. First of all a summary of whats added and whats removed in last 1 year:
- on 10-September-2008 Reliance Power added and Dr Reddys Laboratories Ltd removed
- on 12-January-2009 Reliance Capital Ltd replaced Satyam Computer Services Ltd
Over the period we saw weightage of Giant PSUs increasing on Nifty.
- NTPC increased from 5.62% to 8.19% now, increase of 2.58%!
- ONGC increased from 7.83% to 9.10% now, increase of 1.27%!
- Similary Infosys weightage increased by 1.26%, ITC by 1.15%, Hindustan Unilever by 1.03% and Reliance Industries by 1.01%.
On the downside we see DLF, Reliance coomunications, Unitech and ICICI losing their weights on Nifty:
- DLF decreased from 3.93% to 1.54% now, decrease of 2.39%!
- Reliance communication decreased from 3.79% to 1.82% now, decrease of 1.97%!
- Unitech weightage decreased by 1.29%, ICICI Bank by 1.17% and L&T by 1.1%.
This chart shows how weights have changed sectorwise:
This shows the current weights in NIFTY:
1 comment:
Very informative blog. Good stuff!
-Sudhanshoo
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