IT services companies' index weighting reaches record high of 18.8%

Combined m-cap of IT firms on Nifty50 up 33.3% in 2021 YTD

India’s top information technology (IT) services companies, such as Tata Consultancy Services, Infosys, Wipro, and HCL Technologies, continue to raise their dominance on D-Street. The combined weighting of the technology (tech) majors on the benchmark Nifty50 has now reached an all-time high of 18.8 per cent as tech stocks continue to outperform the broader market, despite their record-high valuation. In comparison, tech companies accounted for 15.8 per cent of the Nifty50 a year ago in December 2020 and 12.3 per cent in December 2019.

The combined market capitalisation (m-cap) of the top five IT companies — that are part of