Index funds could sell 150 million shares of Jio Financial Services after listing
Three days after listing, JFS will be removed from the indices, consequently from index funds and its weightage will be adjusted among other stocks
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Three days after listing, JFS will be removed from the indices, consequently from index funds and its weightage will be adjusted among other stocks
Ten out of 11 mutual fund houses covered by Nuvama Alternative & Quantitative Research have gone overweight on pharma and healthcare, as against their weightage in Nifty 200.
Chisholm, who's based in Boston, does not invest a single dollar at the company, but her work informs the views of its 150 portfolio managers who run 450 or so mutual funds and exchange-traded funds.
HDFC Bank HDFC merger: HDFC merged with HDFC Bank, creating the world's fourth-largest bank. HDFC Bank's weight in Nifty50 and Nifty Bank will increase, and changes will be made to the Sensex and Nifty indices. HDFC Bank will become the second-largest firm in India by market capitalisation.
Reliance Industries continues to be the biggest Indian company by market capitalisation. Over the last 20 years, RIL has been the only stock to have stayed in the Top-10 league on the Nifty 50