Bharti Hexacom and Go Digit General Insurance shares are the latest additions to the FTSE index, according to the latest readjustment which also saw an increase in weightage of heavyweight stocks like ICICI Bank, Bajaj Finance and Kotak Mahindra Bank.
The FTSE indices readjustment will be effective Monday, December 23 and the adjustment took place on Friday, December 20. FTSE index rejig coincided with the half-yearly Sensex rebalancing.
According to Nuvama Alternative & Quantitative Research, the addition of Bharti Hexacom shares is estimated to bring in flows of $36 million (2 million shares), while the inclusion of Go Digit General Insurance shares into the FTSE index will attract flows worth around $19 million (5 million shares).
Bharti Hexacom share price has risen over 7% in one month and 32% in six months. On Friday, Bharti Hexacom shares eased 0.05% to close at ₹1,499.05 apiece on the BSE.
Go Digit General Insurance shares…
