Nuvama revises expectations for fund inflow, outflow in some stocks post Nifty rejig

UPL

27/03/2024 09:45

** Nuvama Alternative and Quantitative Research revises its
expectation of fund inflows and outflows in some stocks after
Nifty constituent changes effective March 28     
    ** Expects net fund inflows of $188 in non-banking finance
co Shriram Finance  SHMF.NS  after its inclusion in Nifty 50
index, down from the more-than-$200 mln estimated previously 
    ** Anticipates net fund outflows of $95 mln in agrochemical
company UPL  UPLL.NS  after exclusion from Nifty 50 index, down
from $100 mln expected previously
    ** Adds, Jio Financial Services  JIOF.NS  to see cumulative
inflows of $80 mln after addition to Nifty Next 50 index, down
from earlier estimate of $89 mln 
    ** As of last close, SHMF up 1%, UPLL down 2.2% since the
rejig was announced, while JIOF up 12.3% 
    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))