There are going to be changes in various indices of the major stock market NSE from next month. While on one hand many stocks are going to benefit from the proposed change, on the other hand many stocks may have to suffer losses.
These stocks have been excluded
Under the changes going to be made in the NSE’s most prominent index Nifty50, shares of Tata Group’s Trent and Bharat Electronics are going to get a place. On the other hand, shares of LTI Mindtree and Divis Laboratories will have to be excluded from Nifty50. The Index Maintenance Sub-Committee (Equity) of NSE Indices finalized the changes on Friday. The changes will be effective from September 30 (after the close of trading on September 27).
Entry of these stocks in Nifty Next50
Bharat Heavy Electronics, Divis Laboratories, JSW Energy, LTI Mindtree, Macrotech Developers, NHPC, Union Bank of India are going to enter the Nifty Next50 index, while Berger Paints India, Bharat Electronics, Colgate Palmolive (India), Marico, SBI Cards and Payment Services, SRF and Trent are going to exit the index.
Changes in Nifty Bank and Nifty 500
Similarly, under the changes going to be made in the Nifty Bank index, government bank Canara Bank is going to enter, while Bandhan Bank is being shown the way out of the index. 26 stocks including Vodafone Idea are being excluded from the Nifty 500 index. They include Vaibhav Global, Ather Industries, All Cargo Logistics, Anupam Rasayan, Borosil Renewables, CSB Bank, DCM Shriram, JK Paper, KRBL, MTAR Tech and Restaurant Brands India.
Changes are made twice a year
Changes are made twice a year in the various indices of NSE Nifty. This is the second half-yearly change of this year. The basis for changes in the shares of various indices of Nifty is the average free float market cap.
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