Nifty indices rejig: HDFC Bank, Power Grid, PNB among stocks to see top inflows
Live MintThe semi-annual rejig of Nifty indices will result in significant inflows in some stocks including HDFC Bank, Power Grid Corp of India, Shriram Finance and Trent while some others such as NTPC, Page Industries and HDFC Asset Management Company will be among those that will see an outflow of funds, said Abhilash Pagaria, the head of Nuvama Alternative & Quantitative Research. According to Pagaria's analysis, HDFC Bank, Power Grid, Shriram Finance, Trent, TVS Motor and Punjab National Bank are the stocks that will see the top inflows cumulatively. On the other hand, NTPC, Page Industries, HDFC AMC, IndusInd Bank, ACC and Indus Tower are the stocks that will see top outflows due to the Nifty Indices rejig. Expected top inflows after Nifty rejig Adani Enterprises, HDFC Bank, Axis Bank, ITC and Tata Consumer are the stocks that will see their weight up in the Nifty 50 index.