NSE announces five additions, deletions each to Nifty Next 50 Index

CHOP & CHANGE: Potential Rs 2,100 crore one-way churn on stock performance of 10 companies

The index provider arm of the National Stock Exchange has announced five additions and deletions each to the Nifty Next 50 Index.

Analysts have stated that this rebalancing could significantly affect the stock price performance of these 10 companies, resulting in a one-way churn of nearly Rs 2,100 crore.

The number of shares required to be bought or sold for these companies ranges from 2 to 11 days’ worth of average delivery volumes.

The five stocks added to the index are Shriram Finance, Trent, TVS Motor Company, Punjab National Bank, and Zydus Lifesciences.

In terms of flow, Shriram Finance is