nifty inclusion: DMart, Info Edge in the running for Nifty inclusion, says Edelweiss

Mumbai: Avenue Supermarts, owner of , and online job posting website operator (India) are in the running for inclusion in the benchmark Nifty, according to Alternative Research. The brokerage said currently the calculations do not show any confirmed Nifty inclusion or exclusion candidates.

Edelweiss said supermarket chain operator Avenue Supermarts meets most of the criteria for inclusion, the absent factor being that it is not a part of the derivatives segment. In case the stock gets introduced in derivatives before the NSE announcement of index rebalancing, which normally happens in end-August, there is a high probability of inclusion in the Nifty, said Edelweiss. The rebalancing date is likely to be on September 29.

Info Edge falls short of the requirement of the stock having 1.5 times the average free float market cap of the smallest constituent in the index, said Edelweiss.

The trading days till July 30 will be crucial to move the needle, the brokerage said. Info Edge will see a weightage of 55 basis points or inflow of $110 million upon inclusion in the index. Avenue Supermarts is likely to have a weightage of 72 basis points or $140 million on being included in the index.
is likely to get excluded if any one of these gets included in the index, resulting in a weight reduction of 43 basis points or outflow of $82 million, said Edelweiss

Source link


Books vs. Servers: Where Should We Store all of the Human Knowledge?

In the 21st century, we are used to storing our information in the cloud, which has clear benefits over paper databases and books....

Fully Automatic Pallet Changer System: The Benefits You Can Expect

If you're running a business that relies on the use of pallets, then you know just how important it is to have a reliable...

Eamonn Holmes hints at his ITV daytime feud as he makes cryptic comment

Eamonn Holmes appeared to double down on his previous feuds on Wednesday while presenting GB News.The broadcaster, 63, touched on some of his...

What is A Payment Gateway And How Does It Work?

A payment gateway is a service that allows businesses to accept credit card and debit card payments online.The payment gateway processes the payment information,...

A Mystery Bug Caused Missing Reviews Of Google Chrome Extensions

A bug in the rating and review system of the Chrome Web Store had been causing the missing reviews of extensions. The developers of...