This would be a very
different post for the reason we will not be talking as to where Nifty is
headed or what are the supports, resistances, trends etc.
In simpler words Nifty
50 is an index of 50 stocks with different weights.Some example weights
are
Stock
Name
|
CMP
|
Weightage
|
Value
in Nifty
|
ITC
LTD
|
262.1
|
8.46
|
453.99
|
RELIANCE
INDUSTRIES LTD
|
816.1
|
8.08
|
433.60
|
INFOSYS
LIMITED
|
2351.05
|
6.75
|
362.23
|
ICICI
BANK LTD.
|
962.15
|
6.61
|
354.71
|
HDFC
BANK LTD
|
595.1
|
6.43
|
345.05
|
HDFC
LTD
|
713.3
|
6.39
|
342.91
|
These are the top 6
stocks of Nifty.The combined weightage of these 6 stocks is 42.72% in the
Nifty.Now lets look at the last 6 stocks of Nifty
RANBAXY
LABS LTD
|
516.15
|
0.47
|
25.22
|
DLF
LIMITED
|
209
|
0.45
|
24.15
|
SESA
GOA LTD
|
187.1
|
0.43
|
23.08
|
RELIANCE
INFRASTRUCTU LTD
|
510.5
|
0.41
|
22.00
|
SIEMENS
LTD
|
658.5
|
0.33
|
17.71
|
STEEL
AUTHORITY OF INDIA
|
83.15
|
0.29
|
15.56
|
The combined weightage
of these 6 stocks is a meagre 2.38% in the Nifty or just 130 points. ( So if i
were to make DLF target of 100 as per the Veritas report the impact on Nifty
would only be 12 points )The weightages are dynamic and every drop in price
leads to weightages being reduced. The top 20 stocks by weights comprise 75 %
of the Nifty Weightage. The last 10
stocks comprise less than 5% of the Nifty weightage.
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