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    Adani Enterprises has high chance of entering Nifty in next rejig

    Synopsis

    The recently-listed Life Insurance Corporation of India could make it to the Nifty Next 50 index, according to Edelweiss. Tata Power, Adani Wilmar, IRCTC, Mphasis, Motherson Sumi Systems and Shree Cement could also get added to the Nifty Next 50.

    ​Adani Enterprises
    Pagaria said if any of these stocks gets included in the derivatives segment till the date of the index changes announcement, they would make it to the Nifty 50 index.
    Mumbai: Adani Enterprises has a 'high chance' of replacing Shree Cement in the benchmark Nifty in the semi-annual index review in September, according to Edelweiss Alternative & Quantitative Research. The changes in the index will be announced in the second half of August, and the rebalancing date would be on September 30. Abhilash Pagaria, head of Edelweiss Alternative and Quantitative Research, said Shree Cement has a 'higher probability' of being excluded. The next name on radar would be Hero MotoCorp, said Pagaria.

    The recently-listed Life Insurance Corporation of India could make it to the Nifty Next 50 index, according to Edelweiss.

    Tata Power, Adani Wilmar, IRCTC, Mphasis, Motherson Sumi Systems and Shree Cement could also get added to the Nifty Next 50.

    Lupin, Jubilant Foodworks, Zydus Lifesciences, Punjab National Bank, SAIL and Adani Enterprises could get excluded from the Nifty Next 50.

    Adani Green Energy, Avenue Supermarts and Adani Transmission have an average free float market capitalisation that is significantly higher than most of the current Nifty 50 constituents but they have not been included in the benchmark index in the past few reviews as they are not part of the futures and options segment. For inclusion in the Nifty 50, a stock should compulsorily be part of the derivatives segment. Pagaria said if any of these stocks gets included in the derivatives segment till the date of the index changes announcement, they would make it to the Nifty 50 index.




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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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