It's time to re-calibrate your portfolio
During the last one year more than 70 companies have left the league of BSE Top 500. They have been replaced by relatively new and fast growing companies. Change in the league is not new and almost every 3 months the stock exchange reviews it and few companies go through re-shuffle. However, the size of change is significant this time and it has several implications:
- Indian economy is going through a major transformation
- Change has pattern at sector level. Some of the sectors are doing well relatively while some others are at clear decline path
- Some sectors have no change apparently (number of companies) but there is major change of position within the sector.