By laksh5382 
As per the latest readjustment, Bharti Hexacom and Go Digit General Insurance shares are the latest additions to the FTSE index, which has also seen an increase in the weighting of heavyweight stocks like ICICI Bank. Bajaj Finance And Kotak Mahindra Bank.
The readjustment of the FTSE indices will take effect on Monday, 23 December and the adjustment took place on Friday, 20 December. Changes in the FTSE index coincided with the semi-annual Sensex rebalancing.
According to Nuvama Alternative and Quantitative Research, the sum of Bharti Hexacom The shares are expected to attract inflows of $36 million (2 million shares), while the inclusion of Go Digit General Insurance shares in the FTSE index will attract inflows of approximately $19 million (5 million shares).
Bharti Hexacom’s share price has risen 7% in one month and over 32% in six months. Bharti Hexacom shares closed 0.05% lower on Friday Rs 1,499.05 per share on BSE.
Go Digit General Insurance Shares have gained 8% in one month and more than 6% in six months. Go Digit stock closed 2.99% higher 340.95 each on Friday.
weight gain
A total of 12 stocks will see their weightings increase in the FTSE index rise from December 23. According to Nuvama, ICICI Bank shares are expected to see inflows of about $310 million next week due to FTSE adjustments. This is double the average volume of ICICI Bank stock.
Along with ICICI Bank, another private lender Kotak Mahindra Bank is also likely to add to the load and the stock is expected to see inflows of $118 million. According to Nuvama, the investment in Bajaj Finance shares is expected to be worth $66 million.
Apart from these, the stocks whose weightage will increase on the index are General Insurance Corporation of India, Prestige Estates, Nexus Select, thermax Ltd., Network 18 Media, Techno Electric, Sansera Engineering, metro brand And PTC Industries,
On the contrary, the weightage of Pfizer, Torrent Power, Shriram Finance, Mahindra & Mahindra and Adani Green Energy will decrease in the index. Adani Green is estimated to see the largest outflow of $48 million, followed by Mahindra & Mahindra (M&M) at $38 million.
decline in sensex
FTSE index changes coincide with BSE half-year sensex adjustmentIn the latest rebalancing of the Sensex, new-age tech giant Zomato replaced JSW Steel. The adjustment occurred at the close on Friday, December 20.
zomatoIts inclusion in the Sensex is expected to attract passive inflows of approximately $513 million. On the other hand, according to Nuwama, JSW Steel boycott is estimated to lead to an outflow of $252 million.
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