Nifty 50 Rejig: IndiGo, Max Healthcare set to replace Hero MotoCorp, IndusInd Bank; over $1.8 billion flows expected
The NSE’s benchmark Nifty 50 index will see a major reshuffle on Friday, 29 September, with the new composition effective from Monday, 30 September. Budget airline InterGlobe Aviation (IndiGo) and hospital chain Max Healthcare Institute are poised to enter the index, replacing Hero MotoCorp and IndusInd Bank. According to Nuvama Alternative & Quantitative Research, the…