HDFC Bank, IndusInd to see highest inflows on Bank Nifty rejig

​​SBI, ICICI Bank, Kotak Bank, and Axis Bank could see a reduction in weightage and outflow of about $9.8 million to $48.6 million. IIFL Alternative Research said ICICI Bank could see an outflow or selling of $31.3 million on a likely weightage reduction of 0.84% while SBI could see a weightage reduction of 1.08%, which is likely to lead to selling worth $40.3 million.

via Economictimes