In today’s briefing:
- NIFTY Bank Index Rebalance Preview: Canara Bank Could Replace Bandhan Bank
- [Week 15] Namaste India 🙏 | 2023 Bloopers Edition
NIFTY Bank Index Rebalance Preview: Canara Bank Could Replace Bandhan Bank
- Canara Bank (CBK IN) could replace Bandhan Bank Ltd (BANDHAN IN) in the NSE Nifty Bank Index (NSEBANK INDEX) at the March rebalance.
- Passive trackers will need to buy 2 days of ADV on Canara Bank (CBK IN) while selling over 1 day of ADV on Bandhan Bank Ltd (BANDHAN IN).
- The impact is even higher where passives will need to buy nearly 6x delivery volumes in Canara Bank and sell 3x delivery volumes in Bandhan Bank Ltd.
[Week 15] Namaste India 🙏 | 2023 Bloopers Edition
- For this edition, we focus on our 2023 Bloopers, to improvise rather than get embarrassed. We also share some thoughts on potential enhancements that can be anticipated going forward.
- On the NIFTY Index (NIFTY INDEX), we are still not bearish but do not find the markets to be very attractive either.
- Bloopers in focus include Zomato (ZOMATO IN); CarTrade (CARTRADE IN) ; Hero Motocorp (HMCL IN) and Aavas Financiers Ltd (AAVAS IN).
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