Nestle India to be included in NSE Nifty 50 Index1 min read . Updated: 28 Aug 2019, 06:05 PM IST
- It will be replacing Indiabulls Housing Finance
- Changes effective from 27 September
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.