Nifty50 Sector Weightage Performance

19 Nov

Nifty50 Sector Weightage Performance is a comprehensive market analysis indicator that visualizes the composition and daily performance of all 15 sectors in the Nifty 50 index. This powerful tool provides real-time insights into sector movements, helping traders and investors identify market trends, understand sector rotation, and make informed trading decisions.

The indicator combines sector weightage data with daily percentage changes to calculate a weighted market sentiment score, displayed through an intuitive visual progress bar that indicates whether the market is moving towards bullish or bearish territory.

Comprehensive Sector Coverage
- Tracks all 15 sectors of the Nifty 50 index. Some broad indices because of request limit on Tradingview.
- Displays real-time sector weights and daily percentage changes
- Color-coded visualization for quick performance assessment

Complete Sector Breakdown

1. Financial Services (36.76%)
- Symbol: NSE:BANKNIFTY
- Largest sector in Nifty 50
- Uses Bank Nifty index for comprehensive financial sector representation

2. Oil, Gas & Consumable Fuels (10.26%)
- Individual Stocks(weighted average):
- RELIANCE (8.71%)
- ONGC (0.81%)
- COALINDIA (0.74%)

3. Information Technology (9.98%)
- Symbol: NSE:CNXIT
- Represents IT sector performance through CNX IT index

4. Automobile & Auto Components (6.83%)
- Individual Stocks (weighted average):
- M&M (Mahindra & Mahindra) - 2.77%
- BAJAJ_AUTO (Bajaj Auto) - 0.84%
- EICHERMOT (Eicher Motors) - 0.79%
- MARUTI (Maruti Suzuki) - 1.77%
- TATAMOTORS (Tata Motors) - 0.66%

5. Fast Moving Consumer Goods (6.52%)
- Symbol: NSE:CNXFMCG
- Uses CNX FMCG index for consumer goods sector

6. Telecommunication (4.96%)
- Symbol: NSE:BHARTIARTL
- Uses Bharti Airtel as representative stock

7. Healthcare (4.27%)
- Symbol: NSE:CNXPHARMA
- Pharmaceutical sector represented by CNX Pharma index

8. Construction (3.98%)
- Symbol: NSE:LT
- Uses Larsen & Toubro as representative stock

9. Metals & Mining (3.64%)
- Symbol: NSE:CNXMETAL
- Metals sector through CNX Metal index

10. Consumer Services (2.63%)
- Individual Stocks (weighted average):
- ETERNAL (Eternal) - 1.8%
- TRENT (Trent) - 0.82%

11. Consumer Durables (2.47%)
- Individual Stocks (weighted average):
- TITAN (Titan Company) - 1.36%
- ASIANPAINT (Asian Paints) - 1.11%

12. Power (2.37%)
- Individual Stocks (weighted average):
- NTPC (NTPC Limited) - 1.32%
- POWERGRID (Power Grid Corporation) - 1.05%

13. Construction Materials (2.07%)
- Individual Stocks (weighted average):
- ULTRACEMCO (UltraTech Cement) - 1.18%
- GRASIM (Grasim Industries) - 0.89%

14. Services (2.00%)
- Individual Stocks (weighted average):
- INDIGO (Interglobe Aviation) - 1.06%
- ADANIPORTS (Adani Ports) - 0.93%

15. Capital Goods (1.28%)
- Individual Stock:
- BEL (Bharat Electronics) - 1.28%

Sector Performance Calculation
- Single Index Sectors: Uses direct index/symbol percentage change
- Multi-Stock Sectors: Calculates weighted average based on individual stock weights and their percentage changes
- Formula: Weighted Average = Σ(Stock Weight × Stock % Change) / Total Sector Weight

Data Source
Nifty 50 Index: niftyindices.com/indices/equity/broad-based-indices/nifty--50

20 Nov

Nota Keluaran

- Visual progress bar (red-to-green gradient) logics updated
- Minor UI updates

20 Nov

Nota Keluaran

- Configuration options added to hide the grid view

20 Nov

Nota Keluaran

- Chart updated

21 Nov

Nota Keluaran

- Fixed Lookahead bias
- Updated documentation