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Divi’s Laboratories and SBI Life will see combined inflows of nearly Rs 1,400 crore on account of their inclusion in the widely-tracked Nifty 50 index. Meanwhile, outgoing candidates Zee Entertainment Enterprises and Bharti Infratel will see outflows of Rs 650 crore in total.
As part of its semi-annual index review, NSE on Thursday announced these changes to the Nifty 50 index, which is estimated to be used as an underlying by exchange traded funds (ETFs) with assets of nearly Rs 90,000 crore.
The changes will take effect from September 25, a day after expiry of the next month’s derivatives contract.
