Index Reshuffle
NSE arm to replace some stocks in various sectoral indices from Mar 28
This story was originally published at 22:48 IST on 21 February 2025
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MUMBAI – Tube Investment of India Ltd. will replace Apollo Tyres Ltd. in the Nifty Auto index with effect from Mar. 28, National Stock Exchange's wholly owned subsidiary NSE Indices Ltd. said. In Nifty Consumer Durables index, PG Electroplast Ltd. will replace Rajesh Exports Ltd. NSE's arm has included Jio Financial Services Ltd. in the Nifty Financial Services index, while excluded Multi Commodity Exchange of India Ltd. Jio Financial Services has been included in the sectoral index as its average free-float market capitalisation is more than 1.5 times of that of the smallest constituent--Multi Commodity Exchange of India. The arm has said Jio Financial Services will also be the part of the benchmark Nifty 50 index.
In the Nifty Financial Services Ex-Bank index, Angel One Ltd., Central Depository Services (India) Ltd., Computer Age Management Services Ltd., and One 97 Communications Ltd. will replace Bajaj Holdings & Investment Ltd., Can Fin Homes Ltd., Manappuram Finance Ltd., and Sundaram Finance Ltd., NSE's arm said in its semi-annual review. For the Nifty FMCG index, the sectoral index for the fast moving consumer goods, NSE's arm has excluded Balrampur Chini Mills Ltd. and Procter & Gamble Hygiene & Health Care Ltd., but it included Emami Ltd. and Patanjali Foods Ltd.
For the Nifty Healthcare index, Dr. Lal Path Labs Ltd. and Metropolis Healthcare Ltd. were excluded, whereas Fortis Healthcare Ltd. and Mankind Pharma Ltd. were included. For the information technology sector index, Oracle Financial Services Software Ltd. will replace L&T Technology Services Ltd., NSE's arm said.
Another sectoral index, Nifty Media will now have D.B. Corp Ltd. instead of Den Networks Ltd., NSE's arm said. In the Nifty Metal index, Ratnamani Metals & Tubes Ltd. will make way for Lloyds Metals And Energy Ltd., while in Nifty Private Bank Yes Bank Ltd. will replace City Union Bank Ltd. In the Nifty Realty index, Anant Raj Ltd. will replace Mahindra Lifespace Developers Ltd., according to NSE'arm press release. End
Reported by Aman Aryan
Edited by Deepshikha Bhardwaj
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