HDFC is included in all of the Nifty indices, the stock might suffer significant selling from passive Nifty50 index trackers.

Being  Excluded ?

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According to analysts its looks like the HDFC and HDFC Bank will complete their merger a few months earlier than expected.

Adhesive maker Pidilite Industries is among the front-runners to replace HDFC in the 50-share index.

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“The (HDFC) stock could be then excluded from all of the Nifty Indices earliest by end of December 2022 or max by middle of January 2023,” 

- Abhilash Pagaria 

The shareholders’ meeting to approve the proposed merger of HDFC with HDFC Bank has been scheduled for 25 November

According to Nuvama, HDFC’s stock could see outflows worth more than $1.5 billion because of exiting the benchmark indices, which could also have a bearing on the stock performance of HDFC Bank

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Aside from Pidilite, Ambuja Cements (ACEM), Tata Power (TPWR) and SRF (SRF) are among the front-runners to replace HDFC in Nifty 50

Did you know the full form of HDFC? it's, Housing Development Finance Corporation 

General Knowledege FAQ

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HDFC was one of the first financial institutions in India to acquire Reserve Bank of India (RBI) "in principle" clearance to establish a private sector bank.

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