The real story for investors lies inside the Sensex
Updated : May 29, 2018 12:29 PM IST
Churn is a constant in the index, but what is more revealing is the sectoral composition of the index—not by weight of stocks, but by the number of companies represented from a sector.
Clearly segments where growth and future prospects dimmed lost favour, while those where they brightened gained higher representation.
The biggest gainer — financials — has emerged as the best proxy for the Indian consumer story, and that is what is driving interest in them and causing this overweight representation in the index.
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