HDFC could be out of Nifty by Dec-Jan; $1.5 billion outflow likely

The housing finance company with a 5.5% weight in the Nifty could see an outflow of around $1.3-1.5 billion from the passive funds once it’s excluded from the benchmark, they said. Pidilite Industries and Ambuja Cements are among the top contenders to replace HDFC, said analysts.

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