Nifty, Bank Nifty rebalancing: BIG changes in Nifty and Bank Nifty from 31 March. The rebalancing in Nifty, Bank Nifty comes into force from Wednesday. Which stock will see an increase in the weightage while what all stocks will lose? Devanshi Asher has this detailed report. 

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Asher said that there has been sentimental impact in GAIL and Tata Consumers. From 31 March, GAIL will not be a part of Nifty 50 while Tata Consumers Product will become a part of Nifty 50. Tata Consumer stock will have a weightage around 0.6 per cent. GAIL’s weightage in Nifty is 0.38 per cent.

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This will cause rebalancing in Nifty and the weightages in Nifty will change. Many stocks will see a rise in weightage. BPCL is one such stock whose weightage will go up from 0.54 to 0.63 per cent, Asher said. HDFC Life’s weightage will go up from 0.85 per cent to 0.89 per cent. The weightage of Bharti Airtel and Axis Bank will also go up, she said.  

Meanwhile, stocks whose weightage will come down include Reliance Industries, TCS, Infosys and NTPC.  

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Other Nifty 50 companies who will also see some change, though insignificant include Grasim Industries, HUL, ICICI Bank and ITC, she further said.  

Changes in Bank Nifty  

From 31 March, AU Small Finance Bank will become part of Bank Nifty while Bank of Baroda (BoB) will exit the Bank Nifty index. The combined weightage of HDFC Bank, ICICI Bank and Kotak Mahindra Bank will go up in Bank Nifty.  

Meanwhile, Federal Bank, IDFC, SBI, Bandhan Bank etc will see some fall in weightages, she said.