Daily BriefsUtilities Sector

Daily Brief Utilities: NTPC Ltd and more

In today’s briefing:

  • NIFTY200 Momentum30 Index Rebalance Preview: 58% Turnover & Strong Momentum


NIFTY200 Momentum30 Index Rebalance Preview: 58% Turnover & Strong Momentum

By Brian Freitas

  • There could be 18 changes for the Nifty200 Momentum 30 Index that will be implemented at the close on 28 December.
  • If all changes are on expected lines, one-way turnover is estimated at 58.2% and that will result in a one-way trade of INR 20bn (US$240m).
  • Since July, the potential adds to the index have outperformed the index and the potential deletes by a big margin. Momentum could keep the outperformance going till implementation date.

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