Nifty 50 annual rebalancing: Shares of InterGlobe Aviation Ltd. (IndiGo) and Max Healthcare Institute were in focus on Monday after the National Stock Exchange (NSE) announced their inclusion in the Nifty 50 index as part of its semi-annual rebalancing. The changes will take effect from September 30, 2025.
IndiGo and Max Healthcare will replace IndusInd Bank and Hero MotoCorp, which are being removed from the benchmark index following their exclusion from the Nifty 100, the parent index for Nifty 50.
As of 9:36 AM IST on Monday:
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InterGlobe Aviation (IndiGo) traded at Rs 6,092.50, up Rs 6.00 or 0.10 per cent.
Max Healthcare was down 1.46 per cent at Rs 1,216.70.
IndusInd Bank gained 0.80 per cent to Rs 766.15.
Hero MotoCorp rose 0.33 per cent to Rs 5,014.30.
The inclusion of IndiGo and Max Healthcare is based on their higher six-month average free-float market capitalisation. IndiGo reported a free-float of Rs 1.14 lakh crore, while Max Healthcare stood at Rs 84,555 crore. In contrast, IndusInd Bank and Hero MotoCorp had average free-float market caps of Rs 55,270 crore and Rs 52,336 crore, respectively.
IndiGo has delivered strong returns so far in 2025, rising over 32 per cent year-to-date.
IndusInd Bank has struggled, falling 17.59 per cent through the end of July. The stock came under pressure following a USD 230 million loss from internal derivative misaccounting, which led to the resignation of CEO Sumant Kathpalia and Deputy CEO Arun Khurana earlier this year. Hero MotoCorp, meanwhile, posted a modest gain of 1.82 per cent year-to-date.
Beyond the Nifty 50, NSE has also announced changes to the Nifty 100, Nifty Next 50, Nifty 500, Nifty Midcap, and Nifty Smallcap indices. No changes were made to sectoral indices like Nifty Bank, Nifty IT, FMCG, Oil & Gas, or Metals.
NSE reviews index constituents based on average free-float market capitalisation for two six-month periods ending January 31 and July 31. These changes, implemented in March and September, often lead to significant rebalancing by ETFs and index funds, potentially triggering large inflows and outflows in the affected stocks.
