NSE might exclude HDFC from the Nifty index in the next few weeks, the move could see an outflow of around $1.3-1.5 billion

The housing finance company with a 5.5% weight in the Nifty could see an outflow of around $1.3-1.5 billion from the passive funds once it’s excluded from the benchmark, they said. Pidilite Industries and Ambuja Cements are among the top contenders to replace HDFC, said analysts.