The combined influence of India’s top IT companies in the Nifty50 has slipped below that of HDFC Bank as sector shares continue to slide. While HDFC Bank’s weight now stands at 13.02%, the five IT majors together account for just 9.9%, reflecting significant underperformance amid earnings pressures and global headwinds. Meanwhile, financial and energy stocks have boosted the index, offsetting the drag from IT.
