There are going to be changes in various indices of the major stock market Nifty in March next year. The reshuffle in March is also going to impact the Nifty Next 50 index among the major indices. In the proposed reshuffle, many new stocks may get a place in the Nifty Next 50 index.
These stocks may get a place in the Next 50
Estimates in a note by Nuvama Alternative and Quantitative Research. It has been expressed that Adani Power Limited, Jio Financial Services Limited, Power Finance Corporation Limited (PFC), Polycab India Limited and Indian Railway Finance Corporation Limited (IRFC) may get a place in the Nifty Next 50 index in the next reshuffle of the indices. Apart from these, any one share of REC Limited, Macrotech Developers Limited and HDFC AMC Limited can also get entry in Nifty Next 50.
Changes in Nifty 50 and Nifty Bank
Research According to the note, Canara Bank can replace Bandhan Bank in the Nifty Bank Index. At the same time, Shriram Finance Limited can join Nifty 50, the most important index of Nifty, by excluding UPL Limited. Nuvama Alternative and Quantitative Research believes that there is going to be no change in the Nifty IT index.
31st January is the cut-off date
Regular intervals in various indices of the National Stock Exchange. But changes happen. Shares are included or excluded from an index according to their market capitalization. The cut off date for the upcoming reshuffle is January 31. That is, according to the market capitalization of various companies on January 31, they will get a place in the respective index. The reshuffle will be announced by the end of February and the changes will be effective from March 31.
There can be benefit from this much inflow
Increased investment will be given to the shares which will become part of the big index. That means you will get the benefit of inflow. Jio Financial can get an inflow of $66 million by joining Nifty Next 50. Similarly, IRFC received inflow of $15 million, PFC $45 million, Polycab India $20 million, Adani Power $33 million, REC $40 million, Macrotech Developers $20 million and HDFC AMC $24 million. May be beneficial.
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