Reliance Industries, ONGC gain on FTSE quarterly rebalancing

Shares in Reliance Industries Ltd gain 0.9%, while Oil and Natural Gas Corp Ltd is up 0.4% on expectations of additional inflows as both stocks could see an increase in their weightage in FTSE indexes after a rebalancing last week, according to Citigroup estimates.

FTSE last week announced a quarterly rebalancing across its indexes with changes due to take effect after the close of markets on Friday.

FTSE added the following companies: NMDC Ltd , IndusInd Bank Ltd , Yes Bank Ltd , Godrej Consumer Products Ltd , Wockhardt Ltd , GlaxoSmithKline Consumer Healthcare Ltd, United Breweries Ltd, and Shree Cement Ltd .

 

Among the deletions, FTSE removed Suzlon Energy Ltd from its indexes.