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Half Yearly Rebalancing on coming Friday

ICICIdirect Research 20 Sep 2024 DISCLAIMER

Major domestic indices will go through rebalancing on last working day of September (Friday, 27th September). Exchange has already announced the changed happening couple of weeks back with effective date being 30th September 2024.

While Nifty is going to witness inclusion of Trent and BEL at the expense of Divis Lab and LTI Mindtree. Considering Free float market cap of nearly 1.5 lakh crore, Trent will have weight of nearly 1.2% in Nifty.

On the other hand, major changes will be seen in Nifty next50 (Nifty Jr) where 7 stocks are going to excluded. Apart from above 2( Trent and BEL), SBI Card, SRF, Marico, Colgate and Berger Paints will be excluded from Nifty next 50.  BHEL, JSW Energy, NHPC, Union Bank and Macrotech will be now part of Nifty Junior Index.

Along with these, number of changes are suggested in other indices as well. NSE 500 will see change of 27 stocks during the reshuffle. Some prominent names are like AB AMC, GE T&D, Newgen Software and IREDA among many others. Thus coming Friday is likely to be quite volatile in terms of stock specific movements.

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