Ten years of the Nifty 500, with the strength of every finding shown
Five headline results from 3,890 stock-year observations across 500 stocks and ten Indian financial years — each one shown next to how strong it actually is. Where a popular narrative did not survive testing, it is marked as such rather than quietly dropped.
Every finding below carries a strength label — not every result here is strong, and some are explicitly marked as artefacts or as statistically unsupported. Where a familiar narrative failed testing, it is kept on the page and flagged rather than removed. Two caveats apply throughout and are repeated in the footer of every page: survivorship bias (the 2026 constituent list) and n = 10 years (too few observations for the macro correlations to mean much). Full limitations →
The five findings
Each card states the result and then, in amber, how strong it really is. Nothing here is presented at headline strength only.
What did not hold up
Tested and rejected, or downgraded. These are kept visible deliberately.