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Adjustment Day: Fine 'rebalancing' act for Nifty indices on Wednesday

The quarterly recapping of Nifty indices takes into account the changes in free-float market capitalisation (m-cap) of companies and realigns their weighting

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Nifty | Oil and Natural Gas Corporation | Stock Market

Sundar Sethuraman  |  Thiruvananthapuram 



markets, stock market, brokers, brokerages, sensex, correction, nifty, shares, growth, profit, economy, gain
The benchmark Nifty50 Index will also see change in weighting of its eight components.

Several stocks on the indices could see a churn on Wednesday - the adjustment day for the quarterly recapping. The biggest rejig in terms of change in weighting will happen to the CPSE (Central Public Sector Enterprise) Index, where Oil and Natural Gas Corporation’s (ONGC’s) weighting on the index will increase 320 basis points (bps) and that of NTPC’s and Power Grid Corporation of India’s (PowerGrid’s) will reduce by 152 bps and 87 bps, respectively.

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First Published: Tue, June 28 2022. 20:56 IST

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