Trent Ltd may move out of the BSE Sensex in the upcoming June 2026 index reshuffle, according to a report by Nuvama Alternative & Quantitative Research. The brokerage said Hindalco Industries and Shriram Finance are the key contenders for inclusion in the benchmark index.
The report estimates that Trent’s exclusion could result in passive outflows of nearly $257 million from index-linked funds and ETFs.
Among the possible entrants, Hindalco Industries could see estimated inflows of around $366 million, while Shriram Finance may attract inflows worth nearly $445 million if included in the 30-share benchmark.
Nuvama noted that Trent is expected to be excluded due to a relative decline in its free-float market capitalisation after recent underperformance. The brokerage added that Shriram Finance currently leads on free-float market-cap metrics, but Hindalco may have a relatively higher probability of inclusion because of broader sector representation preferences within the index.
The report further stated that the final decision remains subject to the discretion of the BSE index committee.
According to the brokerage, the tentative announcement date for the Sensex rejig is May 22, 2026, while the changes are expected to become effective from June 19, 2026. The market-cap cut-off date for the review was April 30, 2026.
Sensex reshuffles are important for markets because passive funds and ETFs tracking the benchmark are required to rebalance their portfolios in line with the revised index composition. Stocks entering the index typically witness passive buying flows, while excluded stocks may face selling pressure.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice.