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Mint
a day ago
- Business
- Mint
NSE Indices Rejig: NTPC, ICICI Bank to grab major chunk of inflows; BEL, M&M, Eternal to see outflows on rebalancing
The National Stock Exchange (NSE) is set to implement its quarterly reshuffle of key equity indices today. As part of the scheduled update, several broader market indices will see weight adjustments, while strategic indices will undergo inclusions and exclusions as part of their semi-annual rejig effective June 27, 2025. NSE strategic indices such as the Nifty 200 Momentum 30, Nifty Midcap 150 Momentum 50, and Nifty 500 Momentum 50 are scheduled for rebalancing on June 27. Simultaneously, broader indices like the Nifty 50, Nifty Next 50, Nifty Midcap 150, and Nifty Smallcap 250 will experience adjustments driven by changes in free-float market capitalization. NTPC is expected to see the highest cumulative inflows from the rejig of approximately $126 million, according to estimates by Nuvama Alternative & Quantitative Research. Other major gainers include ICICI Bank, with estimated inflows of $128 million across both broader and strategic indices, and Kotak Mahindra Bank, likely to attract $102 million. On the flip side, Bharat Electronics Ltd (BEL) is expected to witness the largest outflow, with $85 million moving out. Mahindra & Mahindra (M&M) and Eternal are also expected to see significant outflows of $81 million and $69 million, respectively. The quarterly rejig across broader indices such as the Nifty 50, Nifty Next 50, Nifty Midcap 150, Nifty Smallcap 250, Bank Nifty, and CPSE indices is primarily driven by changes in companies' free-float market caps. In these indices, major inflows are anticipated in NTPC ($126 million), ICICI Bank ($60 million), and Bharti Airtel ($32 million). Outflows are projected in BEL ($85 million), ONGC ($21 million), and Coal India ($20 million), as per Nuvama estimates. The semi-annual reshuffle of strategic indices, particularly the Nifty 200 Momentum 30 — one of the most tracked strategy indices — will lead to substantial reshuffling. ICICI Bank, NTPC, and Kotak Mahindra Bank are the key beneficiaries of this update as well. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


Time of India
2 days ago
- Business
- Time of India
NSE indices to have new faces from this evening
Mumbai : The quarterly changes in key equity indices on the NSE are set to be implemented on June 27. Strategic indices—Nifty 200 Momentum 30, Nifty Midcap 150 Momentum 50, and Nifty 500 Momentum 50—are set to undergo reshuffles on June 27, while broader benchmarks like Nifty 50 , Nifty Next 50, Nifty Midcap 150, and Smallcap 250 will see weight adjustments, according to a report by Nuvama Alternative and Quantitative Research . These changes would lead to passive inflows and outflows across several large-cap and mid-cap stocks. On the Nifty 50, weight adjustments in ICICI Bank , Bharti Airtel and Bajaj Finance may see inflows, while Reliance, Mahindra & Mahindra , and Infosys could face outflows. The Nifty 200 Momentum 30 index could see 20 inclusions and 20 exclusions. HDFC Bank , HDFC Life and ICICI Bank are expected to be added, while Mahindra and Mahindra, Tech Mahindra and Sun Pharmaceuticals are among those set to be removed. The index changes will take effect after market hours on June 27 and will be reflected in trading from the next session. ETMarkets WhatsApp channel )


Economic Times
5 days ago
- Business
- Economic Times
NSE moves expiry day for derivatives contracts to Tuesday from August end
The National Stock Exchange (NSE) has revised the expiry day for all index and stock derivatives contracts, shifting it from Thursdays to Tuesdays. This change will come into effect from the end of trading day on August 28 as per a circular. ADVERTISEMENT Currently, weekly Nifty and stock derivative contracts expire every Thursday, while monthly, quarterly, and half-yearly contracts expire on the last Thursday of the relevant expiry month. Starting August 29, all new contracts and existing open positions will reflect Tuesday as the new expiry date. The change applies across a broad spectrum of contracts: Nifty weekly, monthly, quarterly, and half-yearly contracts. Bank Nifty and other indices like Fin Nifty, Midcap Nifty, Nifty Next50 and all single stock derivatives. For example, a Nifty weekly contract originally expiring on September 4 will now expire on September 9. Similarly, the monthly Nifty contract scheduled to expire on September 25 will move to September 30. The change has been illustrated in an annexure provided by the NSE to reduce operational revised contract files, reflecting the new expiry dates, will be available on the NSE on August 28 after market hours. Members have been advised to use updated versions of are no other changes to the contract specifications beyond the expiry day shift. The clearing corporations will separately communicate any adjustments to the settlement schedules. ADVERTISEMENT The change, which aligns NSE more closely with global practices in some markets, is aimed at operational streamlining and risk reduction—though market participants will need to update trading systems and adjust internal processes accordingly. (You can now subscribe to our ETMarkets WhatsApp channel)


Time of India
5 days ago
- Business
- Time of India
NSE moves expiry day for derivatives contracts to Tuesday from August end
The National Stock Exchange (NSE) has revised the expiry day for all index and stock derivatives contracts, shifting it from Thursdays to Tuesdays. This change will come into effect from the end of trading day on August 28 as per a circular. Currently, weekly Nifty and stock derivative contracts expire every Thursday, while monthly, quarterly, and half-yearly contracts expire on the last Thursday of the relevant expiry month. Starting August 29, all new contracts and existing open positions will reflect Tuesday as the new expiry date. The change applies across a broad spectrum of contracts: Nifty weekly, monthly, quarterly, and half-yearly contracts. Bank Nifty and other indices like Fin Nifty, Midcap Nifty, Nifty Next50 and all single stock derivatives. For example, a Nifty weekly contract originally expiring on September 4 will now expire on September 9. Similarly, the monthly Nifty contract scheduled to expire on September 25 will move to September 30. The change has been illustrated in an annexure provided by the NSE to reduce operational confusion. The revised contract files, reflecting the new expiry dates, will be available on the NSE on August 28 after market hours. Members have been advised to use updated versions of contracts. There are no other changes to the contract specifications beyond the expiry day shift. The clearing corporations will separately communicate any adjustments to the settlement schedules. The change, which aligns NSE more closely with global practices in some markets, is aimed at operational streamlining and risk reduction—though market participants will need to update trading systems and adjust internal processes accordingly.


News18
18-06-2025
- Business
- News18
BSE Shares Tank 6% After SEBI Approves Tuesday Expiry For NSE Derivatives
Last Updated: Shares of BSE tumbled on Wednesday, June 18, after SEBI approved a key change in the derivatives trading schedule BSE Share Price: Shares of BSE tumbled 6.2% to an intraday low of Rs 2,500 on the NSE on Wednesday, June 18, after SEBI approved a key change in the derivatives trading schedule. The market regulator has allowed the National Stock Exchange (NSE) to shift its weekly equity derivatives expiry day from Thursday to Tuesday, effective from September 1, 2025. To prevent a clash in expiry dates between exchanges, SEBI has simultaneously mandated that the BSE shift its Sensex derivatives expiry from Tuesday to Thursday. The decision was communicated via a circular from SEBI, which aims to reduce market volatility and standardize the scheduling of derivative contract expiries. The changes follow recommendations from SEBI's Secondary Market Advisory Committee (SMAC), which had reviewed public feedback from a discussion paper issued in March 2025. As per the SEBI directive, BSE will stop launching new weekly index futures contracts from July 1, 2025. Existing contracts will retain their current schedule until expiry, except for long-dated index options which will be adjusted in line with prior realignment practices. Contracts expiring on or before August 31, 2025, will remain unaffected, while new ones issued thereafter will follow the new expiry structure. Additionally, for non-benchmark index options, index futures, and single-stock derivatives, the minimum contract tenor will now be one month. These will expire on either the last Tuesday or Thursday of the month, based on the chosen schedule of the respective exchange. Previously, NSE had considered moving its key contracts — including Nifty, Bank Nifty, FinNifty, Nifty Next50, and Nifty Midcap Select — to Monday expiries. However, that plan was shelved after SEBI's intervention. The realignment raises concerns about how BSE's derivatives trading volumes and competitive position might be affected, especially given NSE's dominant market share. On Tuesday, BSE shares had closed 1.4% lower at Rs 2,660 on the NSE. First Published: June 18, 2025, 10:51 IST