Nifty 50 Index Yearly Movement 31Dec2022 - vrk100 - 11Jan2023

Nifty 50 Index Yearly Movement 31Dec2022

 

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(Update 01Apr2023 of this blog is available)

 

In the past one year, there have been slight changes in the composition of Nifty 50 index. As on 31st of December, 2022, top five stocks in the index have a weight of 40.5 per cent, a bit lower than a year ago.

 

And top 10 stocks in Nifty 50 have a weight of 58 per cent as at the end of December 2022, which is almost the same as at the end of December 2021. My previous blog on the topic is available here.

 

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Nifty 50 Index Evolution 2011 to 2021

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Table 1 gives details of top ten stocks' movement during the year 2022 >  

Please click on the image to view better > 

 

As revealed in Table 1, Infosys' weighting in the index fell from 9.2 percent as on 31Dec2021 to 6.9 percent as on 31Dec2022 and the weights of ITC Ltd, HDFC Bank and ICICI Bank have gone up.

In fact, the rank of Infosys fell from second place to fourth place in the last one year, while those of HDFC Bank and ICICI Bank rose by one notch each. ITC's rank climbed from 10th place to seventh place in Nifty 50. 

 

Axis Bank replaced Hindustan Unilver in the top ten stocks -- as banking stocks made a comeback in 2022 while stocks in the information technology (IT) sector suffered greatly.

 

Table 2 gives details of top ten sectors' movement during the year 2022 >  

Please click on the image to view better >  

As shown in Table 2 above, sectors of Financial Services, Automobile and Metals have gained higher share in Nifty 50 index, but stocks belonging to IT and FMCG have lost weight in the index. 

The sector concentration in the index has come down in 2022, with top three and five sectors losing weight, as shown in table 2 above.

As you are aware, investors resort to sector and stock rotation frequently based on their future expectations of the market in general and sectors / stocks in specific. This is a phenomenon that gets repeated without fail periodically.

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References:

Additional tables, giving Nifty 50 movements of stocks and sectors between 2011 and 2021, from previous blog > 

Nifty 50 Index factsheet > Raw data > 

 

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Disclosure:  I've vested interested in Indian stocks and other investments. It's safe to assume I've interest in the financial instruments / products discussed, if any.

Disclaimer: The analysis and opinion provided here are only for information purposes and should not be construed as investment advice. Investors should consult their own financial advisers before making any investments. The author is a CFA Charterholder with a vested interest in financial markets. 

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