Now some amazing facts !!
- Out of the Top 20 stocks in 2007 only 10 remain in 2015 in the Top 20 weights.
- Out of top 20 in 2007 there are 4 stocks which are not part of Nifty. ( RPL got merged in RIL ). This constituted 11.67% of Nifty.
- Out of the Top 10 weights in Nifty only 3 remain in Top 10 of 2015. These 3 constitutred 20.03% of Nifty and are now only constituting 14.95% of Nifty.
- The top 4 weights of 2015 Infosys/ hdfc bank / hdfc / itc now command a weight of 28.85% but used to command only a weight of 9.95% in 2007 !! -------------- ( WOW )
- Reliance Industries and Reliance Petroleum i.e RIL an RPL had a combined weight of 14.56% and now its only Reliance with a weight of 5.91% ------------------ ( WOW)
- Rcom was the 7th largest weightage in Nifty is no more part of it. Even Unitech was at the 16th place.
- ONGC the 2nd largest weightage on Nifty is now at the 21st place. From 7.13% to 1.56%.
Sectoral Changes
- The big sectoral shift has been from Oil and Gas to Banking. Oil and Gas was at 24.46% in 2007 and is now 9.14% and Banks were 11.46% are now 23.94%.
- Telcom was a darling in 2007 with a weightage of 11.26% and now closer to 2.1%.
- IT was at 7.2% in 2007 is now at 15.02%
- Metals and PSU banks weightages have reduced by half.
- The big shift is Nifty was an index which in 2007 had majority of the index tilted towards investment linked sectors such as Oil * Gas, Telecom, Power, Industrials. This has now shifted towards sectors which are Banks, Financials, export oriented - IT and Pharma
- Such a shift is a major reason for polarization in sectoral/stock performance and Nifty.So we have a bunch of stocks down 50-70% but Nifty is up 20% since 2007.
