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Sensex Set to Welcome Trent and Bharat Electronics as Nestle India and IndusInd Bank Exit

Effective June 23, index-tracking funds will redirect about Rs 6,000 crore into Trent and Bharat Electronics to align the benchmark index with evolving market trends.

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Overview

  • Trent and Bharat Electronics will join the 30-share Sensex on June 23, replacing consumer staple leader Nestle India and private sector lender IndusInd Bank.
  • Brokerages estimate that the inclusion could trigger inflows of roughly Rs 3,000 crore each into Trent and Bharat Electronics, reflecting their trading volumes and investor demand.
  • Bharat Electronics has surged about 35% this year and carries an order book exceeding Rs 71,000 crore, driven by DRDO collaborations and long-term defence contracts.
  • Trent, down over 18% in 2025, added 40 Westside stores and 244 Zudio outlets in the current financial year and holds buy ratings from Jefferies, Motilal Oswal and Nuvama.
  • Outflows of around Rs 1,900 crore could weigh on Nestle India as it readies a Rs 5,000 crore investment and bonus share proposal, while IndusInd Bank may face Rs 1,160 crore in outflows after its shares were hit by accounting and governance concerns.