Market Watch: Nifty Rejig Could Trigger Heavy Flows Across Top Stocks

Nuvama Alternative & Quantitative Research has released its estimates for the June 29, 2026 Nifty indices rebalancing. The report highlights stocks that could see the highest passive inflows and outflows from index-tracking funds following the quarterly and semi-annual index changes.

Among the expected inflows, MCX tops the list with an estimated US$80 million, followed by NTPC (US$77 million), Laurus Labs (US$73 million), Adani Power (US$72 million) and GVT&D (US$70 million). Other major beneficiaries include BHEL (US$60 million), Tata Steel (US$59 million), Vedanta (US$51 million), Polycab (US$46 million) and Bharat Forge (US$45 million).

Stocks expected to receive moderate inflows include CG Power (US$43 million), Power Grid (US$42 million), National Aluminium (US$40 million), HDFC Bank (US$40 million), Adani Energy Solutions (US$37 million), Torrent Pharma (US$36 million), Coal India (US$35 million), Vodafone Idea (US$33 million), Motherson (US$32 million) and KEI Industries (US$29 million). Smaller inflows are estimated for Adani Green (US$27 million), SAIL (US$27 million), ABB (US$25 million), Solar Industries (US$21 million), NHPC (US$15 million), DMart (US$11 million), ICICI Bank (US$11 million), Apar Industries (US$9 million), Shriram Finance (US$8 million) and Thermax (US$8 million).

On the outflow side, Bharti Airtel is expected to see the largest passive selling of US$88 million. It is followed by Eicher Motors (US$69 million), Asian Paints (US$69 million), Hero MotoCorp (US$63 million), Bajaj Finance (US$62 million), Maruti Suzuki (US$61 million), AU Small Finance Bank (US$57 million), TVS Motor (US$56 million), Muthoot Finance (US$56 million) and IndiGo (US$49 million).

Other stocks likely to witness outflows include Canara Bank (US$42 million), SBI Life (US$41 million), State Bank of India (US$38 million), Paytm (US$36 million), Max Financial Services (US$34 million), Fortis Healthcare (US$33 million), Nykaa (US$31 million), L&T Finance (US$29 million), UPL (US$29 million), Ashok Leyland (US$29 million), Indian Bank (US$28 million), Cholamandalam Investment (US$28 million), GMR Airports (US$27 million), BSE (US$20 million), Hindalco (US$19 million), Axis Bank (US$18 million), Aditya Birla Capital (US$15 million), Power Grid (US$12 million), IDFC First Bank (US$12 million) and RBL Bank (US$12 million).

These are estimated passive fund flows linked to the Nifty index rebalancing and could lead to higher trading volumes and short-term price movements around the adjustment date.

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