Indigo is set to enter the BSE Sensex in the upcoming index rejig scheduled for Friday, December 19, 2025, according to Nuvama Alternative & Quantitative Research.
As part of the adjustment, Indigo will be added to the benchmark index, replacing TMPV, which will be excluded.
Nuvama estimates that Indigo’s inclusion will result in passive buy flows of $315 million, equivalent to Rs 2,835 crore. The expected volume impact stands at 4.8 million shares, with an Average Day Impact (^ADV) of 5.6.
For TMPV, the exclusion is expected to trigger sell flows of $190 million, translating to 47.1 million shares and an ^ADV of –3.6.
The Sensex adjustment will take effect next Friday, with passive funds expected to realign their portfolios accordingly.