State Bank of India, HDFC to gain from Nifty Bank index readjustment

While no new stocks are getting added or removed from these indices, the churn is due to adjustments to the weights of existing components

State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) will see maximum inflows from passive trackers on account of the quarterly rebalancing exercise of the National Stock Exchange Nifty Bank Index.

IndusInd Bank and AU Small Finance Bank could see maximum outflows.

The rejig of the Nifty CPSE Index will result in inflows in Oil and Natural Gas Corporation, NTPC, and Coal India and maximum outflows in Bharat Electronics, according to Brian Freitas, a New Zealand-based analyst with Periscope Analytics.

While no new stocks are getting added or removed from these indices, the churn is due to adjustments