Earlier this month, NSE replaced Shree Cement with Adani Enterprises in the benchmark Nifty 50. Domestic passive funds such as index funds and ETFs replicate their portfolios according to the stock weights on these indices. These funds must buy or sell stocks if their weight in the index is increased or reduced in the benchmark.
Sensex, Nifty’s explosive rally pushes market to pre-Middle East war levels. How long will they take to scale fresh peaks?
In a remarkable turn of events, the Indian stock market has showcased impressive upward movement this month, with the Sensex soaring to 82,000, indicating a