Nifty's big jump: Only a few stocks are doing the heavy lifting
Nifty 50 soared by 1,550 points since October 2024, touching a new high in November.
But here's the catch—this rally is mostly thanks to just a handful of big companies, while mid and small-cap stocks are still trailing behind.
Why does this matter?
If you're only watching the headline numbers, you might miss that nearly half of Nifty's stocks barely moved or even dropped during this surge.
That means the market's gains aren't as broad-based as they look, which could make things shakier and more unpredictable going forward.
What's really driving the rally?
Almost 60% of Nifty's rise comes from just six major players: Reliance Industries, HDFC Bank, Bharti Airtel, SBI, Larsen & Toubro, and Axis Bank—spanning finance, energy, telecom, and infrastructure.
Investors are picking favorites instead of betting on the whole market, so any bad news for these giants could quickly shake up the index.