Mumbai, Dec 27 || Public sector power giant NTPC Ltd. Adani Group flagship Adani Enterprises Ltd, and government-owned Punjab National Bank Ltd are among the seven companies that are expected to see strong net passive inflows to the tune of $187 million due to the rejig of the NSE indices which kick in on December 30, according to a report released by Nuvama Institutional Equities.
The state-owned NTPC is set to see an inflow of $74 million, followed by Punjab National Bank, and IndusInd Bank with $25 million and $23 million, respectively. Federal Bank Ltd. is expected to see an inflow of $18 million while Bank of Baroda Ltd is set for $17 million inflows.
The Adani Group flagship is expected to bring in $15 million, according to Nuvama. Adani Group stocks rose by 4 to 5 per cent on Thursday amid strong buying momentum. Among Adani group shares, the biggest gainer was Adani Green Energy with a 4.91 per cent increase to a high of Rs 1,081.80 apiece on the BSE. The gains in Adani Group stocks came at a time when the Indian stock market benchmark indices, Sensex and Nifty 50, are trading flat amid lacklustre trade in the global markets.
According to the Novuma report, the biggest private sector bank, ICICI Bank Ltd, will see an inflow of $14 million.