Infosys Limited Infy A Global Leader In Consulting Technology Outsourcing And Next Generation Digital Services Is Set To Join The Nifty 50 Equal Weight Index Effective July 31 2024

Infosys to join Nifty 50 Equal Weight index

Infosys Limited (INFY), a global leader in consulting, technology, outsourcing and next-generation digital services, is set to join the Nifty 50 Equal Weight Index, effective July 31, 2024.

The Nifty 50 Equal Weight Index is a modified version of the regular NIFTY 50 index, where all 50 constituent stocks have an equal weightage of 2%. This move would mark a significant milestone for the company, reflecting its strong financial performance and market cap.

This change will make Infosys the second-heaviest stock in the Nifty 50 Equal Weight index, with a weightage of 4%. It will also increase the weightage of the IT sector in the index. Nifty 50 Equal Weight Index represents an alternative weighting strategy to its market capitalization-based parent index, the NIFTY 50 Index. It provides investors with a more balanced exposure to the top 50 companies in India, reducing the impact of any single stock on the index performance.

The inclusion of Infosys in the NIFTY 50 Equal Weight Index is expected to attract a wider range of investors, including those seeking diversification and a more balanced equity exposure. Analysts believe that this move will further enhance the liquidity and trading volumes of Infosys shares.