Nifty 50 rejig: Adani Enterprises replaces Shree Cement; IRCTC enters Nifty Next 50
1 min read . Updated: 02 Sep 2022, 06:26 AM IST
Premium- This would be the second Adani stock to be included in the Nifty index, after Adani Ports and Special Economic Zone
As part of its periodic review, the Nifty -50 index of the National Stock Exchange (NSE) will see Adani Enterprises enter the benchmark index, replacing Shree Cement. The changes will be effective from 30 September.
This would be the second Adani stock to be included in the Nifty index, after Adani Ports and Special Economic Zone.
Adani Enterprises is the flagship firm of Adani Group and Shree Cement is the leading cement-making firm, owning brands such as Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement and Rockstrong.
Apart from Nifty 50, changes have been announced in other indices – Nifty Next 50, Nifty 500, Nifty 200 and Nifty 100.
PSU stock IRCTC has been included in the Nifty Next 50 index in the rebalancing of NSE indices.
Also, Adani Total Gas Ltd, Bharat Electronics Ltd, Hindustan Aeronautics Ltd, MphasiS Ltd, Samvardhana Motherson International and Shree Cement Ltd will find a place in the Nifty Next 50.
According to an official release, no changes have been made in Nifty Aditya Birla Group, Nifty Mahindra Group and Nifty Tata Group indices.
Separately, NSE Indicies has decided to exclude B&B Triplewall Containers and SecUR Credentials from Nifty SME Emerge index on account of proposed migration of these firms from NSE's SME Emerge platform to the exchange's main board.
The rebalancing date for the Nifty index is 30 September, when the new constituents will be effective. Market experts have said that the new additions would ensure that the Nifty index maintains its outperformance compared to other global indices.
List of stocks to be included, excluded in NIFTY NEXT 50
INCLUSION:
- Adani Total
- BEL
- HAL
- IRCTC
- Mphasis
- Samvardhana Motherson
- Shree Cement
EXCLUSION:
- Adani Ent
- Jubilant Food
- Lupin
- Mindtree
- PNB
- SAIL
- Zydus Life
