Union Bank of India, Yes Bank rise on inclusion to Nifty Bank index

Yes Bank

02/12/2025 06:51

** Union Bank of India's UNBK.NS shares rise 3.1% while Yes Bank YESB.NS gains 1.3% on inclusion into Nifty Bank index .NSEBANK

** NSE revises criteria for Nifty Bank index post market hours on Monday, with the weightage of top three lenders capped at 43%

** The stock exchange operator also raises the number of constituents in NSEBANK to 14 from the earlier 12 stocks

** The inclusion of UNBK and YESB will be effective from the market close of December 30, 2025, says NSE

** The adjustments of flows due to NSE's revision will be implemented in four monthly tranches by March 2026

** Nuvama Alternative and Quantitative Research estimates inflows of $140 million and $109 million into YESB and UNBK due to the revision

** HDBK, ICBK are likely to see outflows worth $322 million and $348 million due to their weightage reduction, according to Nuvama estimates

** HDBK shares down 0.9%; ICBK drops 1.2% on the day

Cumulative flows in Nifty Bank constituents after NSE 's revision https://reut.rs/3MaFSvU

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))