Overview of Nifty IT index.
Nifty IT index trading at 52-Weeks high.
The Nifty IT Index tracks the performance of 10 Indian IT companies listed on the National Stock Exchange (NSE). It calculates values using the free float market capitalization method, starting with a base date of Jan 1, 1996, set at 1000. This indexing measures the total free float market value of the stocks relative to a specific base market capitalization value. Notably, the base value of the index was adjusted from 1000 to 100 on May 28, 2004.
Top 5 constituents by weightage
1. Infy - 26.77%
2. TCS - 24.9%
3. HCL Tech - 9.89%
4. Tech Mahindra - 8.86%
5. Wipro - 8.24%
View -
The ongoing surge in the Nifty IT index is expected to persist, driven primarily by major
players in the large-cap IT segment such as TCS, INFY, WIPRO, HCL TECH, and TECH
MAHINDRA. The favorable performance of NASDAQ, currently at its 52-week high, is likely to
have a positive impact on the broader IT sector.
Stock specific view ( Educational & Learning Purpose)
1. Infy heading towards 1620 level.
2. Wipro heading towards 480 level.
3. TCS heading towards 3850 & 4000 level.
4. TechM is on verge of breakout & will move towards 1500 level.
5. HCL tech is at all time high.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
Nifty IT index trading at 52-Weeks high.
The Nifty IT Index tracks the performance of 10 Indian IT companies listed on the National Stock Exchange (NSE). It calculates values using the free float market capitalization method, starting with a base date of Jan 1, 1996, set at 1000. This indexing measures the total free float market value of the stocks relative to a specific base market capitalization value. Notably, the base value of the index was adjusted from 1000 to 100 on May 28, 2004.
Top 5 constituents by weightage
1. Infy - 26.77%
2. TCS - 24.9%
3. HCL Tech - 9.89%
4. Tech Mahindra - 8.86%
5. Wipro - 8.24%
View -
The ongoing surge in the Nifty IT index is expected to persist, driven primarily by major
players in the large-cap IT segment such as TCS, INFY, WIPRO, HCL TECH, and TECH
MAHINDRA. The favorable performance of NASDAQ, currently at its 52-week high, is likely to
have a positive impact on the broader IT sector.
Stock specific view ( Educational & Learning Purpose)
1. Infy heading towards 1620 level.
2. Wipro heading towards 480 level.
3. TCS heading towards 3850 & 4000 level.
4. TechM is on verge of breakout & will move towards 1500 level.
5. HCL tech is at all time high.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.