Shriram Finance to be included in Nifty50, UPL excluded — check full list here
World markets today: US stocks dip ahead of inflation data Adani Power, Indian Railway Finance Corporation, Jio Financial Services, Power Finance Corporation, and REC Ltd have also joined the Nifty Next 50 index. Conversely, Adani Wilmar, Muthoot Finance, PI Industries, Procter & Gamble Hygiene & Health Care, and Shriram Finance have been removed from the index.
A significant reshuffling has taken place within the Nifty 500 index, with 34 stocks being added and removed. Among the additions are Honasa Consumer, Jio Financial, Jammu & Kashmir Bank, AstraZeneca Pharma, Chennai Petroleum Corporation, JSW Infrastructure, Jupiter Wagons, Nuvama Wealth, and Railtel Corporation.
Conversely, Brightcom Group, Delta Corp, Go Fashion, Infibeam Avenues, Nazara Technologies, Pfizer, Orient Electric, Rallis India, Rossari Biotech, and Shoppers Stop are among those being excluded. Not only the Nifty 500, but other indices such as Nifty 100, Nifty Midcap 150, Nifty Smallcap 250, and Nifty Midcap Select have also undergone significant changes.
Vodafone Idea has been included in the Nifty Midcap Select index, ranking within the top 5 based on 6-month average full market capitalization within the eligible universe. Also read: Lok Sabha elections: Nifty 50 rallied 4 out of 5 times after results, Bank Nifty outperformed In addition, Lupin, PI Industries, and UPL have found their place in the Midcap Select index, ranking within the top 10 based on 6-month average free float market capitalization in the reranked universe.
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