Home / Market / Stock-market-news /  NSE adds Bajaj Finance, HPCL, UPL Ltd to Nifty 50, removes 4 stocks

Mumbai: National Stock Exchange Ltd (NSE) benchmark Nifty 50 index has made few changes in its constituents which will be effective from 29 September.

“The Index Maintenance Sub-Committee (IMSC) has decided to make the following replacement of stocks in various indices as part of its periodic review. These changes shall become effective from September 29, 2017 (close of September 28, 2017)," a statement said.

India Index Services and Products Ltd (IISL), an NSE group firm has said that three stocks will be added to the index replacing four constituents. Three firms including Tata Power, ACC Ltd and Bank of Baroda (BoB) and shares of Tata Motors that carry differential voting rights (DVRs) will be dropped from the Nifty 50 index and will be replaced by Bajaj Finance Ltd, Hindustan Petroleum Corp. Ltd (HPCL) and UPL Ltd.

With the changes in its constituents, the index will revert to being a gauge of 50 members. In April last year, it had included DVRs from Tata Motors in the index, taking the total number of securities on the Nifty 50 index to 51.

Sectoral indices such as metals, IT, private banks, PSU banks, realty, India consumption, commodities, infrastructure, public sector enterprises (PSE)and services sector, among others will also undergo a few changes. In the Nifty IT index Just Dial Ltd will be replaced by Infibeam Incorporation Ltd while RBL Bank Ltd will replace Karnataka Bank Ltd in the Nifty Private Bank index. Indian Bank will be the new member in the Nifty PSU Bank index.

The exchange has also made changes to other indices like the Nifty Next 50, Nifty 500, Nifty 100, Nifty Midcap 150, Nifty Smallcap 250, Nifty MidSmallcap400, Nifty Midcap 50, Nifty Full Midcap 100, Nifty 200, Nifty Smallcap 50, Nifty Full Smallcap 100, Nifty Free float Midcap 100, Nifty Free float Smallcap 100 among others.

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