The changes will take effect on September 30, 2025, as per the NSE circular.
Brokerage firm Nuvama Alternative & Quantitative Research wrote in a note that in case IndiGo and Max Healthcare are included in the Nifty 50 index, it would result in both these stocks getting inflows worth up to $537 million and $412 million, respectively.
IndiGo has delivered healthy returns to shareholders in recent times. The stock has risen over 32% so far
However, Kotak Institutional Equities recently downgraded IndiGo to 'Add' from its earlier rating of 'Buy', citing recent operational pressures and the sharp rally in its share price. Kotak has a target price of ₹6,850 on the counter.
For the year through July-end, shares of IndusInd Bank declined 17.59%. Hero's stock was up 1.82%.
IndusInd Bank took a $230 million hit in the year ended March 31 due to misaccounting in internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun
Apart from the benchmark, the Nifty 100, Nifty Next 50, Nifty 500, Nifty Midcap and Smallcap indices have also seen additions and exits.
No changes were made in Nifty Bank, Nifty IT, FMCG, Oil & Gas, Metals, Private Bank, and PSU Bank indices.
NSE's semi-annual index reshuffle is based on stocks' average free-float market capitalisation over six-month periods ending January 31 and July 31, with the changes implemented in March and September, respectively.
Changes to the Nifty 50
