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HomeMarket NewsNifty Rebalancing Today: Here are the five stocks with the highest potential inflows and outflows
The outflows on HDFC Bank and ICICI Bank are also significant as their weightages get adjusted on the Nifty Bank, based on the revised norms.
The Nifty rejig for its indices is set to take place later on Tuesday, December 30, with index constituents set to witness significant inflows and outflows.
According to Nuvama Alternative & Quantitative Research, stocks like Eicher Motors, Maruti Suzuki, Asian Paints, Hindalco and State Bank of India are five stocks that are set to receive inflows between $70 million to $80 million, as their weightage on the index will increase.
| Stock | Inflows ($ Million) |
| Eicher Motors | 82 |
| Maruti Suzuki | 82 |
| Asian Paints | 81 |
| Hindalco | 80 |
| State Bank of India | 74 |
On the flip side, stocks such has ICICI Bank and HDFC Bank, the two heavyweights of the index, will see the most significant outflows, at $152 million and $149 respectively.
Bharat Electronics, Bajaj Finserv, and Max Health are the other Nifty constituents that are likely to see outflows in today's session.
| Stock | Outflows ($ Million) |
| ICICI Bank | -152 |
| HDFC Bank | -149 |
| BEL | -86 |
| Bajaj Finserv | -85 |
| Max Health | -82 |
The outflows on HDFC Bank and ICICI Bank are also significant as their weightages get adjusted on the Nifty Bank, based on the revised norms.
These new regulations will lead to the inclusion of Yes Bank and Union Bank in the Nifty Bank index from Wednesday, which will be the start of the January series. As part of this weightage adjustment, the weightage of Nifty Bank incumbents, Federal Bank, IDFC First Bank, PNB, IndusInd Bank and AU Small Finance Bank will also increase, leading to inflows between $11 million to $16 million, according to the Nuvama note.
Yes Bank and Union Bank will attract inflows worth $35 million and $32 million respectively, as per the note.
