NSE indices shakeup to trigger $633 million inflows for 5 PSU stocks

Benchmarks use a straightforward rule of reward and reprimand for periodic asset adjustments: high-performing stocks are included, while underperformers are removed. This rebalancing ensures that an index accurately mirrors its intended market segment. The NSE Indices Committee has recently announced the September 2024 semi-annual reshuffle, impacting major indices.

More To Explore

I-Banks reap big bucks in share sale deluge

India’s ECM volumes surged past $70 billion in 2024, overtaking major markets like China and Japan and cementing its position as the world’s second-largest ECM