India’s IT sector is losing dominance in the Nifty 50 as AI disruption fears trigger sustained selling. Its index weight has dropped to a record low, while the Nifty IT index has sharply underperformed. Reduced index weight is also limiting inflows from passive funds, weakening the sector’s overall market influence.
India’s IT sector is experiencing a significant reduction in its Nifty 50 dominance, with its index weight dropping to a record low. This decline is attributed to sustained selling pressure fueled by fears of AI disruption. The reduced index weight also limits inflows from…
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