Wipro’s Nifty Exit Reflects Waning Clout of Indian IT Giants


The combined weight of India’s top five IT companies in the Nifty 50 has fallen below 9% this year, the lowest at least since 2002, according to data compiled by Bloomberg. The group accounted for more than a fifth of the benchmark at its peak about two decades ago. It now trails financials, which have a nearly 36% weight in the gauge, as well as consumer discretionary and energy.



Source link

  • Related Posts

    Oil prices climb further, while Asian shares are mixed

    BANGKOK (AP) — Shares were mixed in Asia, while oil prices advanced further on Tuesday after jumping the day before due to uncertainty over when the Strait of Hormuz could…

    Trophy resource plays deliver an economic boost to northern B.C.

    Resource projects win gold for government, communities Source link

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Mass grave with 25 bodies found in Sudan’s Kurmuk after army retakes town | Sudan war News

    Mass grave with 25 bodies found in Sudan’s Kurmuk after army retakes town | Sudan war News

    Canada Gazette – Part I, June 8, 2024, volume 158, number 23

    Oil prices climb further, while Asian shares are mixed

    Oil prices climb further, while Asian shares are mixed

    Why George Pickens’ days with the Cowboys are numbered after Quinnen Williams’ contract extension

    Why George Pickens’ days with the Cowboys are numbered after Quinnen Williams’ contract extension

    As developer Arc System Works promises a fix, Marvel Tōkon’s suffering PC players are creating some bizarre home remedies for its dire performance woes

    As developer Arc System Works promises a fix, Marvel Tōkon’s suffering PC players are creating some bizarre home remedies for its dire performance woes

    Trump Wants to Move On From the Middle East. It’s Not Letting Him.

    Trump Wants to Move On From the Middle East. It’s Not Letting Him.