Nifty indices quarterly recapping: Adani stocks, RIL, HDFC Bank among gainers & losers

Eight bluechip stocks including HDFC Bank, ICICI Bank, Adani Enterprises and Adani Ports and Special Economic Zone are expected to attract fund inflows due to Nifty50’s quarterly rejig of benchmarks. The move, taking effect on 29 June, means money will leave Reliance Industries, as well as Axis Bank, IndusInd Bank and five other stocks. HDFC Bank is set to receive the highest inflow ($29m) followed by ONGC ($27m) and Adani Enterprises ($27m). The recapping exercise will also change the weights of certain stocks in Nifty50, raising Adani’s while reducing HDFC Bank and ICICI Bank’s.