Overview

• The NSE index committee is expected to announce the reshuffle in the second half of August, with changes taking effect at the end of September.
• Nuvama estimates passive inflows of about $507 million for InterGlobe Aviation (IndiGo) and $423 million for Max Healthcare, with projected outflows of roughly $240 million from IndusInd Bank and $251 million from Hero MotoCorp.
• Any revision to the lineup will trigger rebalancing by ETFs and mutual funds that track the benchmark, potentially moving sizable volumes across the affected stocks.
• The review relies on six-month averages of free-float market capitalisation and requires approval from the NSE Index sub-committee before implementation.
• Related projections for the Nifty Next 50 point to likely additions of Solar Industries, Siemens Energy, Mankind Pharma, Hindustan Zinc and Union Bank of India, and removals of Dabur, ICICI Prudential Life Insurance and Swiggy.