Share changes in various indices of Nifty have been announced on Wednesday. The stock market has informed that the Index Maintenance Sub Committee (Equity) of NSE has reviewed the changes in stocks and changed the stocks. All these changes are effective from the March 28 session.
According to information, one share has changed in Nifty 50. While 5 stocks each have changed in Nifty Next Fifty and Nifty 100. 14 stocks in Nifty Midcap 150 and 34 stocks in Nifty 500 have been changed. 36 stocks changed hands in Nifty Smallcap 250. 4 stocks changed hands in Nifty Midcap Select.
Which shares changed?
One stock in the Nifty 50 index UPL has been excluded from the index while Shriram Finance has been included in the index. Apart from this, Adani Wilmar, Muthoot Finance, PI Industries, Procter & Gamble Hygiene & Healthcare and Shriram Finance have been excluded from the Nifty Next 50. Adani Power, Indian Railway Finance Corporation, Jio Financial, Power Finance Corporation and REC have been included in the index.
In the Nifty 500, 34 stocks have changed hands. Stocks that have exited the index include Aarti Drugs, Delta Corp, Infibeam Avenue, Lux Industries, Nazara Technology, Pfizer, Procter & Gamble Health, Ren Industries, Rallis India, Relaxo, Sheela Foam, Symphony, TTK Prestige, V Mart and Z Eze. .
Anandrathi Wealth, Caplin Point, Salo World, Chennai Petroleum, Garden Reach Shipbuilders, GMDC, Honasa Consumer, IREDA, Inox Wind, J&K Bank, Jio Financial, JSW Infra, RailTel Corporation, Titagarh Rail Systems have been included in the index. VodafoneIdea has been included in Nifty Midcap Select.
What information has the company provided?
Informing about the changes, the company said Shriram Finance has been included in the Nifty 50 as its 6-month average free float market cap was the highest among potential stocks for replacement of UPL. Changes in Nifty 50 will also apply to Nifty 50 Equal Weight Index. Similar changes to the Nifty 500 will also apply to the Nifty 500 Multicap 50:25:25 index.
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