Bharat 22 rebalance to set off selling in ITC and Nalco, shows data

Churn is by reason of changes to weighting of existing components

Shares of ITC and National Aluminium Company are expected to see selling by passive trackers to the tune of Rs 563 crore and Rs 186 crore, respectively, on account of a rebalancing in the S&P BSE Bharat 22 Index.

Meanwhile, Oil and Natural Gas Corporation will see buying worth Rs 203 crore. NTPC (formerly National Thermal Power Corporation) will get inflows of Rs 181 crore, according to an analysis by Brian Freitas, a New Zealand-based analyst with Periscope Analytics.

While zero stocks have been added or removed from the Bharat 22 index, the churn is by reason of changes to