Among the key beneficiaries of this rejig are:
ICICI Bank: Estimated inflow of $33 million (2 million shares).
Bharti Airtel: Likely to attract $32 million (1.4 million shares).
Bajaj Finance: Set to see inflows of $15 million (1.4 million shares) on the back of weight increase.
Wipro: Wipro will receive passive inflows of around $1 million (0.2 million shares).
Ultratech Cement: Gains from an estimated $11 million inflow (0.1 million shares) due to upward weight revision.
Conversely, some prominent names are expected to face passive selling. The list includes:
Mahindra & Mahindra: Could see outflows of $7 million (0.2 million shares) as weight is reduced.
Infosys: Estimated passive outflow of $5 million (0.3 million shares) as part of the adjustment.
ITC: Faces an estimated outflow of $4 million (0.8 million shares) due to a minor weight cut.
HDFC Bank is also among the stocks witnessing a marginal weight increase in the Nifty Bank Index. The stock is also expected to see a mild positive adjustment with inflows of about $10 million.
These changes are part of the routine quarterly index maintenance to reflect updated free-float market capitalisation and ensure optimal representation.
