Nifty’s rebalancing act decoded! What’s changed & what hasn’t
According to a report by ICICI Securities, following the reshuffle, FY22 P/E of the index will increase by 0.9 per cent to 24.3x, and FY22 returns on equity will dip marginally by 3 basis points to 14.69 per cent. One basis point is one-hundredth of a percentage point.
