Murtaza:
The stocks which will be impacted the most because of this free-float index will be National Therm al Power Corporation (NTPC) and Oil & Natural Gas Corporation (ONGC) primarily because they are Public Sector Undertaking (PSU) companies and government holds a majority stake in that. So the free-float marketcap is much lower in these two stocks. Thus, the weightage of NTPC will fall from 8% to 2% and ONGC from 9.3% to 5%. However, the stocks that will be impacted the most will be the one which will have higher free-float in the market such as ITC, Infosys, HDFC, ICICI Bank, Larsen & Toubro (L&T) and Reliance Industries Ltd (RIL). In the case of ITC, the weightage will go up from 3.6% to 8% and for Infosys from 4.2% to 7.9% and in the case of Reliance it will go up from 12.4% to 14.4%.
Cheers,
Heems
The stocks which will be impacted the most because of this free-float index will be National Therm al Power Corporation (NTPC) and Oil & Natural Gas Corporation (ONGC) primarily because they are Public Sector Undertaking (PSU) companies and government holds a majority stake in that. So the free-float marketcap is much lower in these two stocks. Thus, the weightage of NTPC will fall from 8% to 2% and ONGC from 9.3% to 5%. However, the stocks that will be impacted the most will be the one which will have higher free-float in the market such as ITC, Infosys, HDFC, ICICI Bank, Larsen & Toubro (L&T) and Reliance Industries Ltd (RIL). In the case of ITC, the weightage will go up from 3.6% to 8% and for Infosys from 4.2% to 7.9% and in the case of Reliance it will go up from 12.4% to 14.4%.
Cheers,
Heems