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 a key addition to the index, according to equity research company Edelweiss.
Meanwhile, PSU stock IRCTC has been included in the Nifty Next 50 index in the rebalancing of NSE indices.
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
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