NSE and FTSE Announce Major Index Rejigs Impacting Key Stocks

The National Stock Exchange (NSE) has unveiled significant changes to its benchmark indices, with Interglobe Aviation (Indigo) and Max Healthcare set to join the Nifty 50, replacing IndusInd Bank and Hero Motocorp effective September 30. Analysts estimate the MOVE could funnel $400 million into Max Healthcare and $600 million into Indigo, according to Nuvama.

Meanwhile, the Nifty Next 50 index will see Hindustan Zinc, Mazagon Dock, Siemens Energy, and Solar Industries added, while InterGlobe Aviation, Swiggy, Dabur, and ICICI Prudential Life Insurance face exclusion. The Nifty Midcap 150 index undergoes even broader adjustments, with 13 new entrants including Dabur India, Hero MotoCorp, and IndusInd Bank, while Aditya Birla Fashion Retail, Bandhan Bank, and Max Healthcare are among those removed.

Separately, FTSE has announced eight new additions to its All-World Index, including Indian Overseas Bank and Godfrey Philips India, with changes taking effect from September 22, 2025. These reshuffles reflect evolving market dynamics and institutional confidence in emerging sectors.