By News18
Nifty50 Rebalancing: IndusInd Bank and two-wheeler major Hero MotoCorp may be excluded from the Nifty50 in the upcoming reshuffle due in September, according to calculations by Nuvama Alternative and Quantitative Research. The firm identified IndiGo and Max Healthcare as the top two inclusion candidates.
鈥淚ndiGo has already seen substantial positive price action, reflecting market expectations. On the other hand, Max Healthcare appears under-owned on this theme and could attract more buying interest. We estimate that Max Health鈥檚 inclusion would imply passive buying of over $400 million (approximately 12 days of average daily volume),鈥 the brokerage stated.