Tata Group’s retail arm, Trent, and state-run Bharat Electronics will be added to the National Stock Exchange’s (NSE) benchmark Nifty 50 index starting September 30. They will replace drug maker Divi’s Laboratories and technology services firm LTI Mindtree, which will be removed from the Nifty 50 index as part of the periodic review by the Index Maintenance Sub-Committee (Equity) of NSE Indices.

Nifty Next 50

Other adjustments include the inclusion of Bharat Heavy Electricals, Divi’s Laboratories, JSW Energy, LTIMindtree, Macrotech Developers, NHPC, and Union Bank of India in the Nifty Next 50 index.

Meanwhile, Berger Paints India, Bharat Electronics, Colgate Palmolive (India), Marico, SBI Cards and Payment Services, SRF, and Trent will be excluded from that index.

Also Read
Trent and Bharat Electronics
Trent, BEL may see $900-Million inflow on potential Nifty inclusion
Ambuja Cement
GQG Partners, NPS Trust among largest buyers in Ambuja Cement block deal
Closing bell today, August 23
Lacklustre close for markets! Nifty holds 24,800, benchmark indices up for 2nd week in row
Nilima Prasad Divi, who is Nilima Prasad Divi, Nilima Prasad Divi net worth, Nilima Prasad Divi lifestyle, Nilima Prasad Divi houses, Nilima Prasad Divi career, Hyderabad richest man, Telegu richest man, lifestyle
Meet the daughter of Hyderabad’s richest man, who helps run her family’s Rs 8,049 crore company and recently purchased two lavish properties for Rs 80 crore
Also Read

Changes have also been made to several indices, including Nifty 500, Nifty 200, Nifty 100, Nifty Smallcap 250, Nifty Midcap 150, and Nifty Midcap 50.

Nifty 500

Vodafone Idea, Mahindra Holidays and Resorts India, Medplus Health, Sterlite Technologies will be excluded from Nifty 500; while Pfizer, Inox India, GR Infraprojects will be included.

Nifty Bank

For banks, Bandhan Bank will be excluded from Nifty Bank, while Canara Bank will be included.

Canara Bank (average free-float market capitalization Rs. 38,973 crores) has been included in Nifty Bank index as
the 6-month average free-float market capitalization of company within the eligible universe is at least 1.5 times the six-month average free-float market capitalization of the smallest constituent i.e. Bandhan Bank (average free float market capitalization Rs. 15,945 crores), the NSE said.

Also Read

Nifty Financial Services Ex-bank

Paytm’s parent company, One 97 Communications, will be excluded from Nifty Financial Services ex-bank, while Indian Railway Finance Corporation will be included.

No changes are being made in Nifty Auto, Nifty Consumer Durables, Nifty Financial Services, Nifty Financial Services 25/50, Nifty IT, Nifty FMCG, Nifty Media, Nifty Healthcare, Nifty Metal, Nifty Oil & Gas, Nifty Private Bank, Nifty PSU Bank and Nifty MidSmall Healthcare indices, NSE said.