reshuffle

NSE indices shakeup to trigger $633 million inflows for 5 PSU stocks

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NSE indices shakeup to trigger 3 million inflows for 5 PSU stocks

The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the … Read more

Trent and BEL could join Nifty in September rejig; LTIM, Divi’s Likely to exit

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Trent and BEL could join Nifty in September rejig; LTIM, Divi’s Likely to exit

Tata Group’s retail firm Trent and state-owned defense giant Bharat Electronics are likely to find place in the Nifty 50 index in the September reshuffle, according to brokerage IDBI Capital. LTI Mindtree and Divi’s Laboratories are expected to be excluded from the index, it said. Trent shares have surged 84% so far this year compared … Read more