IT Sector Weightage In Nifty 50 At 5-Year High

The weightage of the IT sector in the benchmark Nifty 50 index has touched a five-year high of 15 per cent due to the recent rally in stocks such as Tata Consultancy Services (TCS), Infosys and Wipro. In other words, this means IT stocks will now have a bigger impact on the 50-scrip Nifty benchmark index. Stocks of IT companies comprised 14.17 per cent of the Nifty basket of 50 shares at the end of June, as against 12.3 per cent at t...