Share Market News: Adjustment for index rebalancing is to be done tomorrow i.e. on 27th March. After rebalancing, there will be changes in Nifty, Nifty Bank and Nifty Next 50 indices.
Adjustment for Nifty rebalancing is to take place tomorrow i.e. on 27th March. This time many shares will be out of the index in rebalancing. At the same time, some shares will be included in this index. Due to this, inflow and outflow will also be seen in some shares. Let us know further what these changes will be and how much inflow and outflow will be seen in them.
Shriram Finance will be included in the Nifty index. Because of this, this stock will see an inflow of $188 million. At the same time, UPL will no longer be a part of Nifty50. After exiting the index, this stock will see an outflow of $95 million.
What changes will happen in Nifty Bank Index?
No stock is being excluded from the Nifty Bank index nor is any stock being included in it. But, there have been changes in the weightage of some stocks included in the Nifty Bank Index. After this change, HDFC Bank will see an inflow of $123 million. Similarly, IndusInd Bank will see an inflow of $18 million. On the other hand, there will be an outflow of $95 million in SBI. There will be an outflow of 57 million dollars in ICICI Bank.
What changes will happen in Nifty Next 50?
Many stocks are also to be removed from Nifty Next 50 index. Also, some stocks will also be included in it. The list of stocks that are out of Nifty Next 50 index includes Shriram Finance, PI Industries, Muthoot Finance, P&G Health, Adani Wilmar. At the same time, Jio Financial Services, Power Finance, Adani Power, RECL and IRFC are in Nifty Next 50.
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After joining the Nifty Next 50, an inflow of $80 million was seen in Jio Financial Services, $48 million in Power Finance, $45 million in Adani Power, $45 million in RECL and $23 million in IRFC. There will be an outflow of $ 72 million in Shriram Finance, $ 32 million in PI Industries, $ 15 million in Muthoot Finance, $ 12 million in P&G Health and $ 0.7 million in Adani Wilmar.