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Financials dominate Nifty50 in June, IT sector weight hits 23-year low
Financials increased their Nifty 50 weight to a four-month high in June. This rise followed sector outperformance and renewed foreign investor inflows. Information Technology continued its decline, losing significant weight in the index. The IT sector's weight is near a 23-year low due to global spending concerns. Weak global technology spending and AI disruption also impacted the IT sector.
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thehindubusinessline.com
Nifty slips below 24,200; IT, Banking stocks drag mid-session
Markets were trading lower in mid-afternoon trade on Tuesday, with the Nifty50 slipping 82.45 points or 0.34 per cent to 24,156.05 and the Sensex down 293.85 points or 0.38 per…
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economictimes.indiatimes.com
Financials dominate Nifty50 in June, IT sector weight hits 23-year low
Financials increased their Nifty 50 weight to a four-month high in June. This rise followed sector outperformance and renewed foreign investor inflows. Information Technology…