Hindalco Or Shriram Finance May Enter Sensex In June, Says Nuvama

Two stocks are in the frame for a Sensex entry next month and one is likely heading out, according to research from Nuvama Alternative and Quantitative Research.

Trent is the firm's expected exclusion in the June 2026 review. A drop in its free-float market capitalisation, driven by recent underperformance, puts it at risk of losing its spot in the 30-stock benchmark. Passive outflows of around $257 million are estimated if the exit goes through.

Who Comes In

Hindalco Industries and Shriram Finance are the two names being watched as potential replacements. On the numbers alone, Shriram Finance has the larger free-float market capitalisation.

But Nuvama analysts believe Hindalco carries a slightly higher chance of selection, pointing to the index committee's tendency to factor in sector diversity across the Bombay Stock Exchange (BSE) universe when making final calls rather than relying purely on market cap rankings.

The passive flow estimates reflect the difference in scale between the two candidates. A Hindalco addition would bring in approximately $366 million, equivalent to around 37.4 million shares or about 5.5 days of average trading volume. A Shriram Finance inclusion would be larger, drawing an estimated $445 million in passive inflows, or around 38.5 million shares.

Timeline

The market capitalisation cutoff date for the review was 30 April 2026. Nuvama expects the official announcement around 22 May, with changes taking effect from 22 June after adjustment on 19 June.

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The Nifty 50 Picture

Separately, another domestic brokerage firm expects the upcoming Nifty 50 rejig to bring BSE Limited into the index in place of Wipro, triggering potential inflows of $657 million. Outflows from Wipro and other adjustments are estimated at around $225 million.

Sources:

NDTV

The Economic Times