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.
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