Food for thought : 11 out of Nifty 50 stocks are from the financial sector. That makes 20% by numbers.
40% of nifty weightage is due to banking/financial stocks.
Bank Nifty has corrected about 12% from the top.
Nifty has corrected less than 7%.
IT/Pharma holding up the Index. TCS one of the biggest support lender thus far. I wonder how long they will hide money in TCS.