The Nifty indices quarterly rejig for broader indices and semi-annual rejig for strategic indices is scheduled for Monday, June 29, 2026. Passive flows will be witnessed in many stocks, which will either see a surge or decrease in their weightage on the indices they are part of.
As per Nuvama Institutional Equities, Vodafone Idea shares are poised for inflows worth up to $33 million as part of the rebalancing exercise.
Of this, Vodafone Idea shares are likely to see flows worth $25 million for 164.3 million shares in the Nifty 200 Momentum 30 index, $5 million or 33.9 million shares in the Nifty 500 Momentum 50 Index.
On another note, the telecom operator reported its fourth consecutive month of subscriber additions. As per the Telecom Regulatory Authority of India (TRAI) data for May, released on Sunday, June 28, Vodafone Idea reported net additions of 1.21 lakh users in May compared to 53,257 additions in April.
Earlier this month, ICRA upgraded its credit rating and outlook on the Vodafone Idea stock to A-/Stable from its previous rating and outlook of BBB/(Positive).
A week prior, Crisil Ratings had upgraded its rating to A- with a stable outlook on the stock.
The Bombay High Court also struck down the Centre’s one-time spectrum charge (OTSC) demands on telecom operators this month. Vodafone Idea said the court quashed the OTSC demands aggregating to ₹2,113 crore relating to erstwhile Idea Cellular and Spice Communications, which later merged into the firm. It also directed the Centre to return the bank guarantees the firm had furnished in connection with the disputed levy.
Shares of Vodafone Idea are trading 1.7% higher on Monday at ₹14.3. The stock is up 24% so far in 2026.
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