Stay updated with breaking news from Macrotech Developers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
According to Nuvama's estimates the addition of the above stocks is likely to result in combined passive inflows of $567 million. In Jindal's case, it is the highest and estimated at $149 million, followed by $142 million in PNB and $138 million each in BHEL and Oberoi
Apart from Jio Financial, Power Finance Corporation, Indian Railway Finance Corporation, Macrotech Developers, Polycab India, REC, Shriram Finance, Union Bank of India, and Indian Overseas Bank are the others that may enter into the largecap category, according to Nuvama.
Both Nifty Auto and Nifty Realty indices are in focus after the RBI MPC kept its repo rate unchanged for the fifth time today, in the last policy meeting of 2023.
Experts say the RBI’s MPC may not revised policies anytime soon and this could bode well for the sector
Over the last four sessions, they bought around $1.2 billion worth in Indian markets, as reported by NSDL data.