Seven key companies, including NTPC, PNB and Adani Enterprises, are set to inject $186 million, according to Nuvama.

Nuvama Institutional Equities predicts that seven Indian companies will experience strong net passive inflows due to the rebalancing of the NSE indices. The companies expected to see significant inflows are NTPC Ltd. (USD 74 million), Punjab National Bank Ltd. (USD 25 million), IndusInd Bank Ltd. (USD 23 million), Federal Bank Ltd. (USD 18 million), Bank of Baroda Ltd. (USD 17 million), Adani Enterprises Ltd. (USD 15 million), and ICICI Bank Ltd. (USD 14 million). Collective, these seven companies are expected to receive a total of USD 186 million. The adjustment is set to take place on December 30, 2024. The rebalancing will affect the CPSE, Nifty Bank, Nifty 50, and Nifty Next 50 indices, leading to a surge in passive flows. These funds will likely flow into these companies’ shares, potentially impacting their stock prices.