IT sector weighting in Nifty50 at 5-year low of 12.2%

The recent sell-off in IT stocks such as Infosys and Tata Consultancy Services (TCS) has resulted in a sharp decline in the IT sector weighting in the Nifty50 index. The sector’s weighting in the index has slipped to a five-year low of 12.2 per cent, down from the 17.7 per cent at the end of March 2022. The top IT companies – TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra – accounted for 13.6 per cent of the index at the end of March this year.