Business News: Nifty50 Rebalancing in September, Which Stocks Will be Removed?

Share Market News: In September, there will be a rebalancing of Nifty 50, which means that some stocks will be included in Nifty, and some stocks will be removed. On this, Brokerage firm JM Financial has issued a report, in which it has been suggested that the retail company of Tata Group, Trent, and the BEL of the defense sector can be included in the Nifty 50 stock list, while in return, the Divi’s Lab and LTI MindTree can be removed from the index. 

Nifty50 September Stocks

JM Financial’s analysis shows that the inclusion of Trent and the BEL may generate an inflow of around $917 million, while the removal of LTI MindTree and Divi’s Lab could result in an outflow of $427 million. The inflow and outflow data is determined on the basis of the passive funds tracking Nifty 50. According to the average free-float market capitalization, the most eligible candidates are Jio Financial Services and Zomato, but these stocks are not part of the F&O segment. Apart from this, there is also a chance of some changes in Bank Nifty.