Trent, BEL may see $900-Million inflow on potential Nifty inclusion
Trent and Bharat Electronics (BEL) can attract inflows of around $900 million if they enter the Nifty 50 index in the September review. The changes will be announced on August 23 and the adjustments will take effect on September 30.
The two stocks will replace LTIMindtree and Divi’s Laboratories, according to Sriram Velayudhan, senior vice president – alternative research at IIFL Institutional Equities.
Trent can see inflows of around $470 million and BEL around $410 million, according to the brokerage.
Stocks To watch- HDFC Bank, Adani Green, L&T Technology, IREDA, GMR Airports, RVNL, PNC Infratech
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded down by 186 points or 0.84% at 21,840 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 dropped 65.15 points or 0.29% to settle at 22,032.30, while the BSE Sensex lower higher by 199.17 points or 0.27% to 73,128.77.
“The Nifty index experienced a day of mixed market dynamics, with bulls dominating the first half and bears taking control in the second half. For a sustained upward movement towards 22300 levels, the index needs to decisively break above the 22150 mark. On the …