IndusInd Bank and Hero MotoCorp may be dropped from the Nifty50 in the September review, with Max Healthcare and IndiGo likely replacements, according to Nuvama. Max could see $400 million in passive inflows if included. BSE is unlikely to enter the Nifty50 or even the Nifty Next 50 unless its stock surges over 40% and sustains the rally through July.
Dalal Street Week Ahead: Sideways consolidation likely to persist amid global trade uncertainty
The Nifty experienced a week of range-bound trading, closing slightly lower with a 0.53% loss. Facing resistance near the upper edge of a rising channel,