Analysts had estimated that as per current rules, HDFC would have been excluded from the Nifty in December, which could see an outflow of around $1.3-1.5 billion from the passive funds. If NSEIL’s proposals are accepted, HDFC will be excluded on the ex-date, which will likely happen mid-next year.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader