The National Stock Exchange (NSE) announced on Friday that Max Healthcare Institute and InterGlobe Aviation, the parent of IndiGo, will be added to the Nifty 50 index starting September 30. As part of the semi-annual review, IndusInd Bank and Hero MotoCorp will be removed. The NSE revises the index twice a year based on the average free-float market capitalization over the six months ending January 31 and July 31, with changes implemented in March and September. These adjustments usually prompt rebalancing by ETFs tracking the Nifty 50, potentially causing large capital flows. Nuvama estimated Max Healthcare could receive around $400 million in passive inflows. From January to July, Max Healthcare shares rose 9.34% and InterGlobe surged 28.61%, while IndusInd Bank fell 17.59% and Hero MotoCorp gained 1.82%. InterGlobe recently hit a record high after Jefferies projected continued market share gains. Meanwhile, IndusInd Bank has been under pressure following a $230 million loss and leadership exits linked to misreported derivatives trades.
NSE Nifty 50 Reshuffle
