Change in NIFTY component

R

rahul_mail

Member
#1
#1
I read that Axis Bank will replace Zee Enter in Nifty from Mar 27. Any idea what will be change in NIFTY value due to this replacement. Will it go up by 20-30 points? How is the NIFTY value calculated?
 
sudoku1

sudoku1

Well-Known Member
#2
#2
rahul_mail said:
I read that Axis Bank will replace Zee Enter in Nifty from Mar 27. Any idea what will be change in NIFTY value due to this replacement. Will it go up by 20-30 points? How is the NIFTY value calculated?
Click to expand...
nifty is calculated on the basis of mkt cap.
come june & it will shift 2 free float method.
sensex already uses free float calculation:)
 
R

rahul_mail

Member
#3
#3
I was looking at the following news item.
Axis Bank will replace Zee Entertainment from March 27
Axis Bank currently has a market cap of Rs 15,112 crore and Zee Entertainment Rs 5,609 crore
Axis Banks m cap is 2.69 times higher than that of Zee Entertainment m cap
Zee Entertainment currently having a weightage of 0.31 on the Nifty


For a NIFTY value of 3000, ZEEs contribution will come to 9 points. Does that mean that AXIS bank's contribution will become around 27 points now?
 
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