Active Stocks
Tue Mar 19 2024 15:58:41
  1. Tata Consultancy Services share price
  2. 3,977.55 -4.03%
  1. Tata Steel share price
  2. 148.65 -0.64%
  1. Bharti Airtel share price
  2. 1,227.85 0.23%
  1. Power Grid Corporation Of India share price
  2. 258.95 -2.28%
  1. ITC share price
  2. 409.50 -1.89%
Business News/ Market / Stock-market-news/  Tata Communications, Arvind to move out from NSE’s Nifty Midcap 50 index
BackBack

Tata Communications, Arvind to move out from NSE’s Nifty Midcap 50 index

Indian Bank, National Aluminium would replace telecom player Tata Communications and textile major Arvind on NSE's Nifty Midcap 50 from 29 June

Tata Communications would be excluded from NSE’s Nifty Infrastructure index, while Torrent Power would be included in the index. Photo: Aniruddha Chowdhury/MintPremium
Tata Communications would be excluded from NSE’s Nifty Infrastructure index, while Torrent Power would be included in the index. Photo: Aniruddha Chowdhury/Mint

New Delhi: Telecom player Tata Communications and textile major Arvind Ltd will move out from NSE’s Nifty Midcap 50 from 29 June. In their place, Indian Bank and National Aluminium Co. Ltd would be included in the index.

The changes, announced by India Index Services and Products Ltd (IISL), an arm of National Stock Exchange today, will be effective from 29 June 2018.

The index captures the movement of the midcap segment of the market. It includes top 50 companies based on full market capitalisation from Nifty Midcap 150 index and on which, derivative contracts are available on the National Stock Exchange (NSE).

Further, Tata Communications would be excluded from NSE’s Nifty Infrastructure index, while Torrent Power would be included in the index.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 25 May 2018, 08:58 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App