IndiGo and Max Healthcare will enter the Nifty 50, while IndusInd Bank and Hero MotoCorp will make way in the upcoming Nifty 50 reshuffle.
The official decision by the NSE Index sub-committee is expected on August 22. The index adjustments, effective September 29, 2025 will be closely watched as several passive funds that track the benchmark could see changes in their fund flow allocations.
Bharat Electronics (BEL) and Trent stocks have been removed from the Nifty Next 50 index due to inclusion in the Nifty 50 index.
As per Nuvama analysts Shriram, Finance is likely to attract inflows of around $217 million from the inclusion while UPL may see outflows worth $114 million.
HDFC Bank, PowerGrid, Kotak Mahindra Bank, State Bank of India and Adani Enterprises are among the few stocks that will receive net passive inflows as a result of the NSE index changes, including Nifty Bank, Nifty, Nifty Next 50, and CPSE.
HDFC Bank, ONGC, Adani Enterprises Ltd, ICICI Bank, Adani Ports & SEZ , NTPC, Coal India, and HDFC Life Insurance are expected to witness inflows
After the rejig, price-to-earnings (PE) of the Nifty50 index based on FY22 earnings will increase by 0.9 percent to 24.3 times. This is due to the expensive valuation of 436 times its earnings that Adani Enterprises commands compared to 38 times that Shree Cement demands.
The periodic rejig will be effected on September 30
Adani Enterprises is likely to replace Shree Cement that can result in buying and selling of Rs 2,400 crore worth of shares, an ICICI Securities note has said