Nifty 50 Rebalancing: IndiGo and Max Healthcare Set to Join Nifty 50

InterGlobe Aviation, better known as IndiGo—India’s largest airline—and Max Healthcare are poised to become the newest entrants to the Nifty 50 index in the upcoming reshuffle expected next month. This is according to a report by Nuvama Alternative & Quantitative Research.

On the other end, the report suggests that Hero MotoCorp and IndusInd Bank are likely candidates for removal from the index during the same rebalancing cycle.

Timeline for Changes

The eligibility cut-off for inclusion in the Nifty 50 ends in July, with the official announcement anticipated in August. The actual adjustments to the index are expected to take effect in late September.

If IndiGo secures a spot, it could attract passive inflows of around $515 million, while Max Healthcare might see inflows of approximately $417 million.

Meanwhile, the possible exit of Hero MotoCorp and IndusInd Bank could lead to outflows of $244 million and $255 million, respectively.

Also Read: SEBI Introduces Common Contract Note with Unified VWAP for All Trades

BSE Unlikely to Make the Cut

There had been earlier speculation that BSE Ltd might be added to the index. However, Nuvama has ruled out this possibility, assigning it a 'zero' probability, citing its failure to meet several key eligibility criteria.

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