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This Article is From Jan 25, 2022

Nifty Rebalancing - Probable Inclusions & Exclusions: IDBI Capital

Nifty Rebalancing - Probable Inclusions & Exclusions: IDBI Capital
Two men play chess (Photographer Stephen Shaver/ Bloomberg News)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

The index represents 50 stocks selected from the universe of Nifty 100 based on free-float market capitalisation and liquid stocks having average impact cost of 0.50% or less for 90% of the observations for a basket size of Rs 100 million.

The Nifty 50 broad based index is reviewed twice every year based on six month data ending January 31 and July 31. Eligibility criteria for newly listed security are checked based on the data for a three month period instead of a six month period.

The stock to be added should meet the impact cost criteria and its free-float market capitalisation should be 1.5 times of the free-float market capitalisation of the smallest constituent in Nifty 50.

Based on this, Indian Oil Corporation Ltd. is likely candidates for exclusion from Nifty-50 Index and Apollo Hospitals Enterprise Ltd. is likely candidates for inclusion in Nifty-50 Index.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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