Defence PSU Bharat Electronics Ltd (BEL) and Tata Group’s Trent are set to enter the NSE’s benchmark Nifty 50 index in the upcoming September reshuffle, according to estimates from Nuvama Alternative & Quantitative Research. Conversely, LTIMindtree and Divi’s Laboratories are expected to be excluded from the index.
The Index Maintenance Sub-Committee (Equity) of NSE Indices is making these changes as part of the semi-annual review of broad market indices. Only stocks eligible for trading in NSE’s Futures & Options (F&O) segment can be included in the Nifty 50 index.
These adjustments could result in inflows of $500 million into Trent and $440 million into BEL, while LTIMindtree and Divi’s Laboratories may see outflows of $210 million and $260 million, respectively.
In the Nifty Bank index, Canara Bank is predicted to replace Bandhan Bank, based on Nuvama’s estimates. Meanwhile, potential inclusions in the Nifty Next 50 include JSW Energy, NHPC, Union Bank of India, Hindustan Zinc, and Indian Overseas Bank, with Colgate Palmolive India, SRF, Marico, SBI Cards & Payment Services, and Berger Paints likely to be dropped.
