India’s second-largest private sector lender ICICI Bank is likely to be the biggest beneficiary of the rebalancing with an inflow of Rs 1,000 crore. Tata Consumer, Adani Green, Indraprastha Gas and PI Industries are the other stocks that could benefit from the FTSE revamp with an inflow between Rs 400 crore and Rs 650 crore.
Earlier, about $1.5 billion of inflows were expected as a result of FTSE rebalancing. However, on August 27, the index provider excluded three banks – HDFC Bank, Kotak and IndusInd – from the index due to failing minimum foreign headroom requirements.
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1 Comment on this Story
Shri 35 days ago
Print and pump 100 trillion. Lets pay our debt over 100 years with near zero rates like videsi cousins. Lets do best for ourselves, Desis