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Jaiprakash Associates, IDFC to be included in CNX Nifty index

Jaiprakash Associates, IDFC to be included in CNX Nifty index
PTI
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First Published: Fri, Sep 04 2009. 08 15 PM IST
Updated: Fri, Sep 04 2009. 08 15 PM IST
Mumbai: Infrastructure firm Jaiprakash Associates and core sector financier Infrastructure Development Finance Co (IDFC) are on their way to join the Nifty-50 club, the National Stock Exchange said on Friday.
The two companies will be replacing of aluminium major Nalco and telecom service provider Tata Communications, which are on their way out, it added.
The changes will come into effect from 20 October 2009 NSE said in a statement.
Further, Bajaj Auto, Crompton Greaves, United Phosphorous Indiabulls Real Estate, Zee Entertainment, Colgate Palmolive (India) and Federal Bank would join CNX Nifty Junior index.
The scrips which would be exiting the CNX Nifty Junior index include Jaiprakash Associates, IDFC, Vijaya Bank, Chennai Petroleum Corporation Ltd (CPCL), Apollo Tyres, Raymond, and Wockhardt, also with effect from 20 October.
Stocks like Bajaj Auto, Crompton Greaves, Indiabulls Real Estate, United Phosphorous, Zee Entertainment, Federal Bank and Colgate Palmolive would also be taken in CNX 100 index.
Nalco, Tata Comm, Vijaya Bank, CPCL, Apollo Tyres, Raymond and Wockhardt would be excluded from CNX 100 index as well, the statement said.
The CNX midcap index would see the inclusion of stocks like Zee Entertainment, Aditya Birla Nuvo, Torrent Power and Tech Mahindra, these will be taking the place of Parsvnath Developer, Sobha Developers, Gammon India and Bombay Dyeing.
Further, Tulip Telecom would be included and Hexaware Technologies would be excluded from CNX IT index, the NSE said in a release.
FMCG major Emami would be included while Radico Khaitan would be excluded from CNX FMCG index. Reliance Power would replace Financial Technologies (India) in the CNX Service Sector index, the statement said.
Further, companies including United Breweries, IFCI, PTC India, Ispat Industries, KEC International, Great Offshore, Gujarat State Petronet, Yes Bank, Everest Kanto Cylinder and Redington (India) would be included in S&P CNX 500 index.
While, companies like Uttam Sugar Mills, Lumax Industries, Honda Siel Power Products and Chettinad Cement Corporation would be excluded from CNX 500 index, the statement added.
Corporation Bank would replace by Allahabad Bank from PSU Bank index.
Further, Peninsula Land would be included in place of Orbit Corporation with effect from October 20, 2009.
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First Published: Fri, Sep 04 2009. 08 15 PM IST