The CPSE and the Nifty Next 50 Indices are expected to see a rejig, with adjustment date set as Aug.5. For the CPSE Index NMDC will be excluded while weightage will reduce for NTPC. Key exclusions for Nifty Next 50 Index include Piramal Enterprises and NMDC, while inclusions include TATA Power and LIC. The CPSE and Nifty Next 50 Indices are passively tracked by domestic ETFs. These Indices will see the major flow impact on the adjustment day. For NMDC outflows of $109mn is expected, while inflows is expected for Tata Power, ONGC, Coal India and BHEL to range between $25-47mn dollars, as per a note by Edelweiss.
Which Stocks Will See the Maximum $ Inflows In Nifty Indices Rejig? Stock Market News
view original post