21 hours Ago
Meanwhile, in the case of Nestle India and IndusInd Bank, excluding these scrips may lead to outflows of around $230 million and $145 million, respectively, if one goes by estimates of Nuvama Alternative & Quantitative Research.
Sensex Weight Shift To Affect Big Stocks
In this rejig, only UltraTech Cement could see an increase in its weightage in the Sensex, leading to an inflow of $4 million.
On the other hands, some large weights in the index – HDFC Bank, Bharti Airtel, Reliance Industries, ICICI Bank, Infosys, Sun Pharma, L&T, ITC, TCS, Axis Bank, Kotak Mahindra Bank, SBI – could face a lower weightage. That could cause passive investors to dump around $249 million.
In general, when a stock is included in the Sensex, it experiences a short-term price rise owing to increased trading activity and institutional buying. With these moves, a similar dynamic may play out in the next few sessions.
