NTPC Ltd., Punjab National Bank Ltd., IndusInd Bank Ltd. and Adani Enterprises Ltd. are among the seven companies that are expected to see strong net passive inflows due to the rejig of the NSE indices, Nuvama Institutional Equities said.
The state-owned NTPC is set to see an inflow of $74 million followed by Punjab National Bank and IndusInd Bank with $25 million and $23 million, respectively. Federal Bank Ltd. is expected to see an inflow of $18 million while Bank of Baroda Ltd. is set for $17 million inflows.
The Adani Group flagship is expected to bring in $15 million, according to Nuvama while ICICI Bank Ltd. will see an inflow of $14 million. Cumulatively, these seven companies will see an inflow of $186 million, with the adjustment scheduled on Dec. 30. 2024.
Passive flows are expected in the CPSE, Nifty Bank, Nifty 50 and Nifty Next 50 indices.
Meanwhile, State Bank of India will see the most outflow of $57 million followed by HDFC Bank Ltd. with $47 million. Power Grid Corp., Kotak Mahindra Bank Ltd. and Bharat Electronics Ltd. are also among the companies that will see outflows post the rejig.
Nifty Bank: Key Inflows And Outflows
The Nifty Bank is expected to see key inflows in Punjab National Bank to the tune of $25 million and IndusInd Bank Ltd. at $23 million.
HDFC Bank, State Bank of India and Kotak Mahindra Bank will witness outflows within the Nifty Bank gauge.
CPSE Index: Key Inflows And Outflows
Among the public-sector-undertaking companies, NTPC is likely to see an inflow of $74 million, while Cochin Shipyard Ltd. will bring in $13 million.
Power Grip., Bharat Electronics, ONGC and Coal India Ltd. are expected to see outflows amid the central public sector enterprises.
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