In the benchmark Nifty 50, Trent and Bharat Electronics will take the places of Divis Laboratories and LTIMindtree. The Nifty 50 Equal Weight index will likewise be affected by the replacement in Nifty 50.
As part of the semi-annual assessment of broad market indices, the Index Maintenance Sub-Committee (Equity) of NSE Indices has agreed to make adjustments to the major Nifty equity indices. These modifications will take effect on September 30.
Berger Paints India, Bharat Electronics, Colgate Palmolive (India), Marico, SBI Cards and Payment Services, SRF, and Trent will be replaced in the Nifty Next 50 index by Bharat Heavy Electricals (BHEL), Divis Laboratories, JSW Energy, LTIMindtree, Macrotech Developers, NHPC, and Union Bank of India.
The exchange also revealed changes to the sectoral indexes, such as the Nifty Bank, where Indian Railway Finance Corporation will now be a part of the Nifty Financial Services Ex-Bank index instead of One 97 Communications (Paytm), and Canara Bank will take the place of Bandhan Bank.
Ajanta Pharmaceuticals will be included Sanofi India will be eliminated in the Nifty Pharma index, while Raymond will take Sunteck Realty’s spot in the Nifty Realty index.
“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,” according to the NSE.
The exchange has replaced the Aditya Birla Group, Mahindra Group, and Tata Group corporate group indices as well as made changes to the Commodities, Core Housing, Energy, EV & New Age Automotive, Housing, India Consumption, India Defence, India Digital, India Manufacturing, India Tourism, Infrastructure, MNC, Mobility, PSE, and Rural indices in the thematic segment.
ZF Commercial Vehicle Control Systems India will take the place of Minda Corporation in the EV & New Age Automotive index, and Tata Technologies will be added to the India Digital index in lieu of Vodafone Idea.
