Introduction
When it comes to stock market indices, it's not just about the number of stocks but also their weightage within the index. In the case of the nifty Index, understanding the top-weighted constituents provides valuable insights into the index's performance. Let's dive into the companies that dominate the nifty Index and their respective weightages.
HDFC Bank Ltd. - 13.77%
Leading the pack is HDFC Bank Ltd., with a substantial weightage of 13.77%. Known for its robust financial performance and extensive branch network, HDFC Bank is a cornerstone of the nifty Index.
Reliance Industries Ltd. - 9.56%
Reliance Industries Ltd. holds the second-highest weightage in the nifty Index at 9.56%. While primarily associated with the energy sector, Reliance's influence extends to financial markets, contributing significantly to the index's performance
ICICI Bank Ltd. - 7.87%
ICICI Bank Ltd. secures a prominent position with a weightage of 7.87%. As one of India's largest private sector banks, ICICI Bank plays a pivotal role in shaping the nifty Index's movements.
Infosys Ltd. - 6.01%
Infosys Ltd. represents the IT sector in the nifty Index, with a weightage of 6.01%. Its consistent growth and technological innovations contribute to the overall index performance.
ITC Ltd. - 4.55%
ITC Ltd., a diversified conglomerate with interests in FMCG, tobacco, and hospitality, commands a weightage of 4.55%. Its presence adds diversity to the nifty Index.
Tata Consultancy Services Ltd. - 4.04%
Tata Consultancy Services Ltd. (TCS), a global IT services leader, holds a weightage of 4.04%. Its stellar performance in the IT sector has a notable impact on the index.
Larsen & Toubro Ltd. - 3.84%
Larsen & Toubro Ltd. (L&T), a major player in engineering and construction, contributes 3.84% to the nifty Index. Its infrastructure and capital goods operations influence the index's performance.
Axis Bank Ltd. - 3.13%
Axis Bank Ltd. is another key player in the banking sector, with a weightage of 3.13%. Its presence adds depth to the nifty Index.
Kotak Mahindra Bank Ltd. - 3.04%
Kotak Mahindra Bank Ltd. brings its financial prowess to the index with a weightage of 3.04%. Its innovative banking solutions contribute to the index's overall performance.
Hindustan Unilever Ltd. - 2.63%
Finally, Hindustan Unilever Ltd. represents the FMCG sector in the nifty Index, with a weightage of 2.63%. Its consumer goods portfolio plays a role in diversifying the index.
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