The Nifty50 could see one of its biggest rejig, predict analysts at ICICI Direct. The sharp correction in equities because of the Covid-19 pandemic has seen the market cap of several existing components fall sharply.
The free-float market cap of many other stocks, which are currently not part of the index, has surged past them. Index inclusion prospects are tied to free-float market cap (total market cap minus value of shares held by promoters or those under lock-in). “We believe the upcoming Nifty review in September will be the biggest reshuffle seen in recent history. Perhaps, we ...
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First Published: Sun, April 26 2020. 20:52 IST
