On Tuesday,NSE Indices declared a minor rejig in the benchmark Nifty50 index by replacing pharma stock Lupin with JSW Steel from September 28, 2018. It also declared that it will be replacing 9 stocks in Nifty Midcap 100 index.

Here are the names of the stocks that are going to be excluded AIA Engineering, Biocon, ICICI Lombard (NSE 2.68 %) General Insurance, IDFC, Indiabulls Real Estate (NSE 6.57 %), IRB Infrastructure Developers, Karur Vysya Bank, Suzlon Energy, Wockhardt (NSE 0.83 %).

These above-mentioned stocks will be replaced and the new 9 stocks will be included and the names are mentioned here Avanti Feeds, Cummins India, Escorts, Graphite India, HEG (NSE -0.85 %), Larsen & Toubro Infotech, Power Finance Corporation, Punjab National Bank and Rural Electrification Corporation(NSE 3.44 %).

No changes were made to Nifty Auto, Nifty Bank, Nifty FMCG, Nifty IT, Nifty Metal, Nifty Pharma, Nifty Private Bank, Nifty Energy, Nifty Infrastructure, Nifty Aditya Birla group, Nifty Mahindra Group, Nifty Tata group and Nifty Tata group 25% Cap indices.

NSE Indices, earlier known as India Index Services & Products, is a subsidiary of NSE and provides a variety of indices and index-related services for the capital markets.

Here are some of the other changes:

Nifty PSU Bank

Nifty Realty

Nifty Commodities

Nifty Smallcap 50

Get The Latest Stock Updates, Equity Tips, Share Market Tips, Stock Market Tips, Intraday Tips  @ Investelite Research




Leave a Reply

Your email address will not be published. Required fields are marked *