Nifty 50 Rejig, July 3 -- In the upcoming Nifty 50 rejig, multibagger stocks Interglobe Aviation (IndiGo) and Max Healthcare are likely to enter the benchmark index, replacing auto major Hero MotorCorp and private sector lender IndusInd Bank, as per projections by Nuvama Alternative & Quantitative Research.

IndiGo is likely to see passive inflows of around $515 million on the inclusion in the Nifty 50 index, and Max Healthcare could corner $147 million in passive flows, Nuvama projected.

IndiGo has already seen substantial positive price action, reflecting market expectations, the brokerage said amid a 27% rise in the multibagger airline stock on a year-to-date (YTD) basis.

"On the other hand, Max Healthcare appears under-owned on this...