India’s benchmark equity index Nifty50 is facing a heavy-lifting problem. Foreign investors may return, crude prices may stabilise and bond yields may ease but a durable Nifty recovery will remain difficult unless the two heavyweight sectors of the market, banks and IT, begin to participate.
Financial services account for 36.47% of Nifty’s weightage, while IT has an 8.48% weight. Together, they represent nearly 45% of the index, making their performance a substantial swing factor for bluechip stocks.