Nifty 50 Index Quarterly Movement 31Mar2023 - vrk100 - 01Apr2023

Nifty 50 Index Quarterly Movement 31Mar2023

Follow @vrk100

 

 

 

(Update 27Jan2024 with data as of 31Dec2023 is available here)

 

 

In the first quarter of 2023, there have not been many changes in the movement of stocks and sectors constituting Nifty 50 index, which is an important stock market index in India. This is an update of my earlier blog posted on 11Jan2023.

As at the end of 31Mar2023, the top five stocks in Nifty 50 index have a weight of 40.6 percent (versus 40.5 percent at end-31Dec2022). And top ten stocks have a weight of 59.2 percent (58.0 percent at end-31Dec.2022) -- indicating a slight increase in concentration risk of the index.

(write-up continues below)

------------------------

Related blogs on Indian Stock Indices:

Nifty 50 Index Yearly Movement 31Dec2022

NSE Indices Comparison 31Dec2022 

BSE 500 versus S&P 500 Comparison 31Dec2022

Nifty 50 Index quarterly movement Jun2022

 

Nifty 50 Index quarterly movement Apr2022

Nifty 50 Index Evolution 2011 to 2021

------------------------ 

 

 

Table 1 gives details of top ten stocks' movement during the first quarter of 2023 >  

Please click on the image to view better > 

As shown in Table 1, ITC Limited's weighting rose from 3.7 percent to 4.4 percent in the past one quarter, moving its rank from seven to six in the index. In the process, Tata Consultancy Services' ranking fell from sixth to seventh.

Reliance Industries' stock continues to dominate the index, though its share in the index fell from 11 percent to 10.3 percent now.

Table 2 gives details of top ten sectors' movement during the first quarter of 2023 >  

 

Please click on the image to view better > 

There are not many changes in the sectoral movement in the index. Financial Services, Information Technology and Oil & Gas continue to be top three sectors in Nifty 50 index as at the end of 31Mar2023.

Though Healthcare sector's share slightly declined from 3.84 percent to 3.79 percent, its rank in the index increased from seventh to sixth. Metals & Mining sector fell from sixth to eighth rank in the index. 

Nifty 50 index declined 4.1 percent in the first quarter of 2023.

-------------------

 

Additional data: 

 

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

 

 

Nifty 50 Index factsheet > Raw data > 

 

-------------------

 

Read more:

 

Global Market Data 31Mar2023

 

Understanding Corporate Debt Market Development Fund (CDMDF)

 

A Brief Outline of Dixon Technologies (India) Ltd 

 

General Market Chatter 

 

Negative Impact of Debt Mutual Fund Tax Changes

 

Emami Limited Buyback Offer 2023

 

When Is The Next Buyback Offer Likely To Be?

 

Ajanta Pharma Buyback Offer 2023

 

Natco Pharma Buyback Offer 2023

 

When Will US Federal Reserve Stop Hiking Interest Rates?

 

Why Do Indian Equity Mutual Funds Always Disappoint Investors?

Adani Stocks Meltdown and Nifty Next 50 Index

Are Indian Stocks Immune to Adani stock Meltdown?

Meltdown in Adani group Listed Stocks

Indian Stock Market Moves Fully to T+1 Settlement

India Up the Ladder in MSCI EM Index 

New Rules on Ex-date and Record date

Weblinks and Investing

-------------------

 

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. 

CFA Charter credentials  - CFA Member Profile

CFA Badge

 

He blogs at:

https://ramakrishnavadlamudi.blogspot.com/

https://www.scribd.com/vrk100

Twitter @vrk100