The FTSE India Index will announce its half -yearly review on February 21 of this month. Under this review, several shares will be excluded from the FTSE India index. At the same time, many shares can be included in them. Whatever changes in the review will be applicable from March 21. According to IIFL Capital report, this time several major stocks are likely to be included in the FTSE India index. These include many contenders including Blue Star, Fortis Healthcare, APAR Industries and 360 One Wam.
If these stocks are included in the index, then they can also invest crores of rupees from the passive mutual funds. According to brokerage reports, if Fortis Healthcare gets a place in the index, it can invest more than $ 60 million (about Rs 500 crore), which can make its stock further stronger.
In addition, Crisil, Bajaj Housing Finance and BSE are also expected to join the index. Especially BSE can benefit from inflow of about $ 76 million (Rs 630 crore).
Kaynes Tech, Premier Energies and IndusInd Bank may also potentially be included in this list. Indusind Bank can see an inflow of about $ 30 million (Rs 250 crore), which can show its stock strength.
IIFL Capital estimates that about 10 new stocks can be added to Ftse all-window index. However, the final decision will be announced on 21 February, which is going to become an important event for investors.
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