Among stocks witnessing inflows due to the rejig, Hero MotoCorp leads with estimated flows of $92 million, equivalent to 2.1 times its average daily volume (ADV).
Other auto and consumption names impacted include:
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Eicher Motors: $82 million (2.4x ADV)
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Maruti Suzuki: $82 million (1.6x ADV)
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Asian Paints: $81 million (2.5x ADV)
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Hindalco: $81 million (2.0x ADV)
State Bank of India is also seeing inflows of $74 million, though at a relatively lower 0.8x ADV, indicating more modest volume impact.
Banking and financial stocks also feature prominently. Expected inflows include:
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Bharti Airtel: $72 million (0.6x ADV)
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Kotak Mahindra Bank: $63 million (1.1x ADV)
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Federal Bank: $71 million (3.5x ADV)
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AU Small Finance Bank: $69 million (3.1x ADV)
The high flow-to-ADV ratios for Federal Bank and AU SFB suggest sharper trading activity as the rejig is implemented.