20 COMPANIES MOVED OUT OF NIFTY-50 IN LAST 10 YEARS

The Nifty-50's sectoral composition has changed drastically during the last decade, with BFSI and IT sector combined having more than 50 per cent weight in 2020 compared to around 30 per cent in 2010.

“This explains the story of the decade as far as returns and outperformance are concerned. BFSI: Its weight increased from 26 per cent to 39 per cent. BFSI + IT + Consumer: The weight of this pack increased from 47 per cent to 67 per cent. Metals, Capital Goods,

Utilities, Oil & Gas, Real estate: The combined weight of this pack slumped from 37 per cent to

19 per cent,” said a report by Motilal Oswal Financial Services.

Only 30 of 50 constituents in 2010 are still part of

Nifty-50 index, 20 are new entrants.

The report said 30 companies are common in the Nifty Index between 2010 and 2020. So, around 40 per cent of components present in December 2010 are no longer part of the Nifty.

The 30 common stocks present in Nifty contribute

82.5 per cent of weight today versus 83.7 per cent in 2010–remaining broadly stable.

Prominent names which were part of Nifty in December 2010 but are no longer there are BHEL, Sterlite Industries, Jindal Steel, Ambuja Cement, ACC, SAIL, DLF, Tata Power, IDFC, PNB, Cairn, Vedanta, Siemens, JP Associates, Reliance Infra, Reliance Communications, Reliance Power, Reliance Capital, Suzlon and Ranbaxy.

The combined weight of these 20 stocks in December 2010 was 16.3 per cent.

The 20 new stocks which were not part of Nifty 50 in

December 2010 but are part of the December 2020 index are Asian Paints, Britannia, Titan, Nestle, BAF, Bajaj Finserv, IndusInd, HDFC Life, SBI Life, Divis Laboratories, Eicher Motors, Tech Mahindra, Ultratech Cement, Shree Cement, Grasim, JSW Steel, Adani Ports, UPL, Coal India and IOCL.

The top five heavyweights in December 2010 were RIL, Infosys, ICICI Bank, L&T & HDFC. The order has changed for the top five heavyweights in the Nifty in December 2020 to RIL, HDFC Bank, Infosys, HDFC, ICICI Bank.