The reshuffle, which coincides with Nifty’s derivatives expiry, will see Bharat Petroleum Corp Ltd (BPCL) and Britannia Industries Ltd exit the index, leading to significant outflows, while Grasim Industries and Bajaj Finance are set to undergo weightage adjustments.
“The rebalancing for the changes in NSE indices constituents is effective from March 28, 2025 (close of March 27, 2025),” JM Financial said. Britannia’s exclusion is likely to result in outflows of $215 million, while BPCL’s removal could lead to outflows of $204 million, according to the brokerage.
Beyond the Nifty 50, Indian Hotels, Bajaj Housing Finance, Hyundai Motor India, CG Power, and Swiggy are set to be added to the Nifty 100 and Nifty Next 50 indices, while Bharat Heavy Electricals Ltd (BHEL), Indian Railway Catering and Tourism Corp (IRCTC), Adani Total Gas Ltd, NHPC Ltd, and Union Bank of India will be dropped.
Brokerage Nuvama estimated Indian Hotels Company will benefit from inflows of $85 million, while Power Grid Corporation and CG Power are set to see passive inflows of $49 million and $47 million, respectively.
The changes, part of the NSE Indices’ scheduled review, will be implemented at the close of trade on Thursday. Passive flows from index funds and ETFs tracking the Nifty indices are expected to drive significant buying and selling in the impacted stocks.Also read | Nifty indices rejig: Zomato, Jio Financial to see inflows up to $591 million; Britannia, BPCL face outflows up to $300 million on exit
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