Nifty 50 Rejig Today: IndiGo, Max Healthcare To Replace IndusInd Bank & Hero MotoCorp; Check Shakeup Details

The Nifty 50 index is set for a reshuffle on Tuesday, marking its semi-annual reconstitution and prompting major changes across India's benchmark, sectoral, and thematic indices. According to a report from Nuvama Institutional Equities, five stocks including IndiGo and Max Healthcare are expected to collectively attract over $1 billion in passive inflows, as index-tracking funds realign their portfolios.

Nifty 50 Rejig Today: IndiGo and Max Healthcare To Replace IndusInd Bank and Hero MotoCorp

As part of the Nifty 50 reconstitution, IndiGo and Max Healthcare will replace IndusInd Bank and Hero MotoCorp in the benchmark index. This shift is poised to generate large passive flows as index-tracking funds adjust their portfolios in response.

IndiGo, India's largest airline, is projected to receive around $545 million in inflows-an amount nearly 4.9 times its average daily traded volume. Max Healthcare, a prominent private hospital chain, is expected to see inflows of approximately $372 million.

Meanwhile, the outgoing constituents, Hero MotoCorp and IndusInd Bank-are anticipated to face heavy outflows. Hero MotoCorp could see an estimated $309 million exit, while IndusInd Bank may experience an outflow of $217 million, as passive funds rebalance away from the Nifty 50.

Nifty Stocks Reshuffling Impact on Other Indices

The impact of the reshuffle extends beyond the Nifty 50. Several key changes will also affect the Nifty Next 50, sectoral indices, and midcap/smallcap segments, resulting in widespread rebalancing across portfolios.

In the Nifty Next 50, companies such as Solar Industries, Engineers India, Mazagon Dock, and Hindustan Zinc are being added. These stocks are expected to attract inflows in the range of $34 million to $59 million, reflecting renewed investor interest. Their inclusion comes at the expense of companies such as Indigo (Paints), Dabur, ICICI Prudential Life, and Swiggy, which are being excluded from the index.

Sectoral indices are also witnessing changes. In the Nifty Bank index, Kotak Mahindra Bank is expected to benefit from inflows of approximately $31 million, reinforcing investor optimism in large private lenders. Similarly, Power Grid Corporation could see inflows of around $8 million as part of adjustments in the CPSE index.

Midcap and Smallcap Index Changes

Significant movements are also anticipated in the Nifty Midcap 150 and Smallcap 250 indices. Hero MotoCorp, IndusInd Bank, and Swiggy will find a new place in the Midcap index, potentially gaining back some investor attention after their Nifty 50 exclusion.

Meanwhile, stocks like Gland Pharma, Bandhan Bank, and Motherson Sumi are set to be added to the Smallcap 250 index, reflecting a shift toward value and growth-oriented names in the broader market. These adjustments signal a growing interest in companies poised for long-term expansion across healthcare, financial services, and manufacturing.

SBI, ITC, Bajaj Finserv Among Top Large-Cap Gainers in Nifty Rejig (Expected)

Among the biggest gainers, State Bank of India (SBI) is expected to see substantial demand, with estimated passive inflows of $99 million. ITC follows closely, with anticipated inflows of $38 million, while Bajaj Finserv may draw $19 million. These numbers highlight a strong rotation into select large-cap names that continue to show resilience and consistent earnings performance.

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