Goldmine Update – 02/04/19

About 13 stocks in the Nifty now constitute around 67% weightage while around 37 stocks constitute around 33% weightage.

That is the skewed nature of the weightages of stocks in Nifty. It is an utterly manipulated index, where very large companies in both turnover profits and market cap command very meagre weightage in the indices due to lower float while smaller companies with much lower turnover and profits command much higher weightage. Financial sector now constitute around 40% weightage in Nifty, which is the highest sectoral weightage reached by any sector till date. Whether it is good or bad, one needs to wait and watch.

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