Nestle India to be included in NSE Nifty 50 Index
1 min read 28 Aug 2019, 06:05 PM ISTIt will be replacing Indiabulls Housing FinanceChanges effective from 27 September
PremiumNestle India will be included in NSE Nifty 50 Index and Nifty 50 Equal Weight Index from 27 September. It will be replacing Indiabulls Housing Finance Ltd.
Among other announcements, the following companies are being excluded from Nifty Next 50: ABB India, BHEL, MRF and SAIL.
The following companies are being included into Nifty Next 50: Berger Paints, Indiabulls Housing Finance, Power Finance Corporation and PNB.
The Nifty50 index, which comprises well-diversified 50 stocks accounting for various sectors of the economy, is reviewed every six months while a four-week notice is given to the market before making changes to the index set.
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Updated: 28 Aug 2019, 06:05 PM IST
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