The market has hit a four-point rise today. Nifty has jumped by about 120 points and has crossed 23000 for the first time after February 14. Buying is also seen in Bank Nifty. Midcap is trading flat. On the other hand, cable and wire shares have fallen due to the entry of Adani Group. KEI Industries has become the top loser of Voyda by falling by 10 percent. Polycab and Havells have also weakened by 4-6 percent. On the other hand, the highest rise is being seen in IT shares today. Nifty IT index has strengthened by about 2 percent. Four IT shares are included in the top-5 gainers of Nifty. Wipro has strengthened by about 2 percent. Birlasoft and Coforge are also up by 3 percent.
On the other hand, due to the March review of the FTSE index, the flow in some stocks may increase significantly. If we look at when the adjustment for the March review of the FTSE index is and which stocks are expected to have an increased flow, it is known that under the March review of the FTSE index, its adjustment will be done on March 21. The changes after this adjustment will be implemented from March 24.
Due to the changes in the March review of the FTSE index, ICICI Bank may receive an investment of $366 million. At the same time, Kotak Bank may receive an investment of $146 million. Due to this change, Zomato may receive an investment of $51 million. At the same time, ITC Hotels may receive an investment of $49 million. Bajaj Housing may also receive an investment of $45 million. Apart from this, Brookfield and Gland Pharma may also receive a significant investment.
From the perspective of Average Daily Value Traded (ADV), this adjustment will also have a positive impact on Sanofi Consumer, JSW Stocks, Gland Medicine, Eureka Forbes, Pricol, Base D'Aria, Brookfield India, Websol Energy, CBFC Finance and some other stocks. Let us tell you that the Average Daily Value Traded (ADV) of a stock means the sum of the daily trading volume in a given period, which is divided by the number of exchange trading days falling in the specified period.
