NSE Rejig: Major Inflows For 7 Firms, Outflows To Hit 4 Cos

Mumbai: Public-sector power giant NTPC Ltd, Adani Group flagship Adani Enterprises Ltd, and government-owned Punjab National Bank (PNB) are among the seven companies that are expected to see strong net passive inflows to the tune of $187 million due to the rejig of the NSE indices, which kick in on December 30, according to a report released by Nuvama Institutional Equities.

The state-owned NTPC is set to see an inflow of $74 million, followed by Punjab National Bank, and IndusInd Bank with $25 million and $23 million, respectively. Federal Bank Ltd is expected to see an inflow of $18 million, while Bank of Baroda (BoB) is set for $17 million inflows. The Adani Group flagship is expected to bring in $15 million, according to Nuvama. Adani Group stocks rose by 4 to 5 per cent on Thursday amid strong buying momentum. Among Adani group shares, the biggest gainer was Adani Green Energy with a 4.91 per cent increase to a high of Rs1,081.80 apiece on the BSE.