Nifty Bank rejig today: SBI, HDFC Bank may witness over $100 million outflows amid shake-up for 12 stocks!

Nifty Bank index has been reshuffled. This change will affect the weightage and inflows of several banks. SBI and HDFC Bank will witness outflows due to reduced weightage. PNB, IndusInd Bank, and Federal Bank will see increased inflows. These changes reflect India's evolving market dynamics.