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IDBI Capital feels names such as Grasim, Bajaj Finserv and Titan are likely to be removed from the index.The National Stock Exchange’s (NSE) benchmark index, Nifty, will be undergoing a fresh round of rebalancing, effective April 2018.
Based on a few parameters, the index undergoes changes, wherein some stocks get replaced by others.
Brokerage house IDBI Capital believes that there is a high probability of names such as Ambuja Cements,Aurobindo Pharmaceuticals as well as Bosch being included in the frontline index. Meanwhile, stocks such asGrasim, Bajaj Finserv and Titan are likely to be excluded from the list.
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