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Street signs: Nifty Next 50 rebalance, home-grown tech stocks, and more

Banking stocks witnessed intense selling pressure in the latter part of last week

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Samie ModakSundar Sethuraman
Nifty Next 50 rebalance a pick-me-up for non-F&Os

The recent sell-off in Adani Group companies has reduced the weighting of the non-futures and options stocks in the Nifty Next 50 Index. Consequently, the weighting of stocks that are part of the index but not of the derivatives segment will be revised upwards. “Avenue Supermarts is expected to be the biggest beneficiary in terms of flow. The impact is expected to be substantial on Bajaj Holdings & Investment, Procter & Gamble Hygiene and Health Care, Adani Total Gas, and Adani Transmission,” says analyst Brian Freitas, a New Zealand-based analyst with Periscope

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First Published: Feb 20 2023 | 6:20 AM IST

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