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Nifty Index rebalancing

ICICIdirect Research 23 Aug 2024 DISCLAIMER

NSE is yet to announce the changes for the half yearly rebalancing. However, we believe that Trent and BEL will be part of Nifty in the place of Divis Lab and LTIM.
So while Divis and LTIM will be now part of Nifty Next 50( Nifty Jr), couple of other names like JSW Energy and NHPC may also join them in the Next50 Index at the cost of names like SBI Cards and Berger Paints.
During the month end, MSCI rebalancing will also take place where significant flows are likely to be seen in HDFC Bank (due to weight increase). At the same time, Bandhan Bank will see outflows due to its exclusion.

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