NSE announced that Max Healthcare and InterGlobe Aviation will join the Nifty 50 index effective 30 September.
IndusInd Bank and Hero MotoCorp will be removed as part of the index rebalancing.
Analysts estimate index-tracking funds may flow in up to $400 million into the ne
w constituents.
YTD gains: InterGlobe +28.6%, Max Healthcare +9.3%, compared to ~1.8% for the Nifty.
IndusInd Bank’s exit follows a $230 million accounting scandal that triggered executive departures.
Expect trading interest and volatility around rebalancing stocks in coming weeks.
Inclusion may bolster visibility and institutional demand for healthcare and aviation.
Exit from Index could dampen momentum for outgoing names.
Active funds may rebalance to mirror index weights.
Key event for index-based strategies heading into Q3.