Divi's Labs and TVS Motor may replace Max Healthcare and HDFC Life in NSE's March 2027 index review.
Context
What happened: Quiddity sees Divi's Labs and TVS Motor as potential replacements for Max Healthcare and HDFC Life in the NSE Nifty 50 March 2027 index review.
Key numbers: Reference period August 1, 2026 to January 31, 2027, 34% completed. TVS Motor average free-float market cap over 1.5 times HDFC Life. Five changes expected in Nifty 100, the maximum per review.
Why it matters: Quiddity expects two Nifty 50 changes in March 2027. Max Healthcare's potential Nifty 100 deletion would remove it from the Nifty 50, making Divi's Labs the top replacement candidate.