The Index Maintenance Sub-Committee (Equity) of NSE Indices Limited has decided the replacement of stocks in various indices as part of its periodic review and the changes will be effective from March 31, 2023 (closer March 29, 2023).
The following stocks are being included: ABB India Ltd. with estimated inflows of $21 million according to data analyzed by brokerage Nuwama Research; Adani Wilmar Ltd (AWL) – with expected inflows of $9 million; Canara Bank (estimated inflow of $24 million); Page Industries Limited (estimated inflow of $28 million); and Varun Beverages Limited (estimated inflow of $35 million).
official announcement by smelly The index has actually been in line with Nuwama Research’s status quo expectations for Nifty 50, Nifty Bank and Nifty IT indices. Changes in Nifty Next 50 are also in line with the expectations of brokerage houses. The change will take place on March 29, 2023 and will be effective from March 31, 2023.
The capping factor of stocks in all the indices of the National Stock Exchange (NSE) is reconstituted upon change in equity, investible weighting factor (substitution of scrips in the index, periodic rebalancing). March, June, September and December.
The rebalancing takes into account the closing prices on T-3 basis, where T day is the last trading day of March, June, September and December. Rebalancing involves adding a new stock to the index, or removing a particular stock. It may also increase or decrease the weighting of existing stocks in the indices.
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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