New Delhi, Feb. 22 -- The consumption and financial services stocks leading in inclusions in Nifty 50 index over the last seven years, while industrial & capex and defensive sector stocks were the most excluded, highlights a report by ICICI Securities.

The report stated that from March 2018 to March 2025, the sectoral distribution of stock exclusions and inclusions in the Nifty 50 index has shown significant shifts.

The report said "Since 2018, new-age stocks related to areas such as insurance, fintech, organised retail along with consumer and healthcare companies have enteredNIFTY50 at the cost of old economy stocks from sectors such as oil & gas, industrials and traditional lenders"

The report added that industrials and capex stocks ...