Nifty indices quarterly rejig to be implemented from June 27 market close

After the market closing on June 27, quarterly changes in Nifty indices will be implemented. As per Nuvama estimates, the rejig is expected to not bring many major changes with big volume impact. Nevertheless, some of the Nifty 50 stocks are expected to see a change in weightage.

Company               Old Weight         New Weight
ITC                             3.6%                         3.7%
Bharti Airtel                       3.5%                         3.6%
L&T                                    4.1%                          4%

Further, based on the expected weightage change, the expected passive inflow is as given below:
 
Cumulative flows
Stock            Net Inflow (Cr)
ITC                                493
Bharti Airtel               300
Infosys                         158
M&M                                   91

Outflow
Stock            Net Outflow (Cr)
L&T                               209
Reliance                       118
HDFC Bank                   84
Bajaj Auto                         65

Kotak Mahindra Bank , SBI, ICICI Bank and Axis Bank within the Nifty Bank pack will see their weight in the index increase.

Also, in the Nifty CPSE index, there are expectations of increase in the weightage of state-run utility entity NTPC.

On the contrary, weightage of BEL, Coal India, ONGC, NHPC, Oil India, Power Grid, Cochin Shipyard, NBCC, SJVN and NLC India may be reduced and likewise may result in a total outflow of Rs 500 crore.