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Will Nifty 50 Heavyweights Lose Steam In The Next Rally?
Nifty 50’s next rally may be driven by the bottom 30 stocks by weights. Here’s why...
13 Aug 2019, 09:35 AM IST 
A bodybuilder excercises on a flight of steps outside his gym in the back streets of Antananarivo Madagascar. (Photographer: Pieter Bauermeister/ Bloomberg News.)
India’s equity benchmark tumbled from its June record but heavyweights have fared better than the Nifty 50. And if history is anything to go by, constituents outside the top 10 companies by weight on the index may drive the next rally.After Prime Minister Narendra Modi returned to power with a bigger majority, the Nifty 50 rose and hit an all-time high on June 3. But the benchmark has since fallen more than 8 percent amid domestic ta...
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