India’s largest airline, InterGlobe Aviation or IndiGo, along with Max Healthcare, are likely to be the newest entrants to the Nifty 50 index, when the next round of reshuffle takes place next month, according to a note from Nuvama Alternative and Quantitative Research.On the flip side, Nuvama Alternative believes that shares of Hero MotoCorp and IndusInd Bank are likely to be excluded from the index.
The cut-off period to be eligible for index inclusion ends in July, and the official announcement is expected in August. Index adjustments will be expected in late-September.
In case IndiGo does make the cut this time, it could result in inflows worth $515 million, according to Nuvama Alternative, while Max Healthcare could see inflows worth $417 million.On the flip side, the potential exit of Hero MotoCorp and IndusInd Bank, could result in outflows worth $244 million and $255 million respectively.
The cut-off period to be eligible for index inclusion ends in July, and the official announcement is expected in August. Index adjustments will be expected in late-September.
In case IndiGo does make the cut this time, it could result in inflows worth $515 million, according to Nuvama Alternative, while Max Healthcare could see inflows worth $417 million.On the flip side, the potential exit of Hero MotoCorp and IndusInd Bank, could result in outflows worth $244 million and $255 million respectively.
Earlier, there were reports that BSE could be a likely entrant into the Nifty 50 index as part of its latest rejig. However, Nuvama Alternative has assigned ‘zero’ probability to such a phenomenon as it fails to meet several key eligibility criteria.
Shares of InterGlobe Aviation are trading close to their all-time high levels of 6,018, having gained 30% so far in 2025, while those of Max Healthcare are also trading close to their record high levels, having gained 12% so far this year.
First Published: Jul 2, 2025 3:01 PM IS
