Nifty 50 Index Changes: Trent, BEL In, Divi's, LTI Out
By Rediff Money Desk, New Delhi Aug 23, 2024 21:20
NSE Indices has announced changes to the Nifty 50 index, with Trent Ltd and Bharat Electronics Ltd included, while Divi's Laboratories and LTI Mindtree will be excluded. Learn more about the changes and other index updates.
New Delhi, Aug 23 (PTI) Tata Group retail firm Trent Ltd and state-run Bharat Electronics Ltd (BEL) will be included in the National Stock Exchange's benchmark index Nifty 50 from September 30, NSE Indices announced on Friday.
Drug firm Divi's Laboratories and technology services provider LTI Mindtree will be dropped from the Nifty 50 index.
The Index Maintenance Sub-Committee (Equity) of NSE Indices Ltd has decided to make these replacements in the indices as part of its periodic review.
"These changes shall become effective from September 30, 2024," NSE Indices said in a statement.
Additionally, Bharat Heavy Electricals Ltd, Divi's Laboratories, JSW Energy, LTIMindtree, Macrotech Developers Ltd. NHPC and Union Bank of India will be included in Nifty Next 50 index.
On the other hand, Berger Paints India, Bharat Electronics, Colgate Palmolive (India) Ltd, Marico, SBI Cards and Payment Services, SRF and Trent will be excluded from the index.
Further, changes have been announced in several indices including Nifty 500, Nifty 200, Nifty 100, Nifty Smallcap 250, Nifty Midcap 150 and Nifty Midcap 50. Separately, NSE Indices announced the exclusion of Tata Motors Ltd. 'A' Ordinary Shares - DVR ni from various indices, effective from August 30.
This exclusion is due to the company's capital reduction scheme, which involves the cancellation of all 'A' Ordinary Shares (with differential voting rights) and their replacement with Ordinary Shares. As a result, Tata Motors Ltd. 'A' Ordinary Shares - DVR will be removed from the indices including Nifty 100, Nifty 200, Nifty 500 and Nifty Auto.
Drug firm Divi's Laboratories and technology services provider LTI Mindtree will be dropped from the Nifty 50 index.
The Index Maintenance Sub-Committee (Equity) of NSE Indices Ltd has decided to make these replacements in the indices as part of its periodic review.
"These changes shall become effective from September 30, 2024," NSE Indices said in a statement.
Additionally, Bharat Heavy Electricals Ltd, Divi's Laboratories, JSW Energy, LTIMindtree, Macrotech Developers Ltd. NHPC and Union Bank of India will be included in Nifty Next 50 index.
On the other hand, Berger Paints India, Bharat Electronics, Colgate Palmolive (India) Ltd, Marico, SBI Cards and Payment Services, SRF and Trent will be excluded from the index.
Further, changes have been announced in several indices including Nifty 500, Nifty 200, Nifty 100, Nifty Smallcap 250, Nifty Midcap 150 and Nifty Midcap 50. Separately, NSE Indices announced the exclusion of Tata Motors Ltd. 'A' Ordinary Shares - DVR ni from various indices, effective from August 30.
This exclusion is due to the company's capital reduction scheme, which involves the cancellation of all 'A' Ordinary Shares (with differential voting rights) and their replacement with Ordinary Shares. As a result, Tata Motors Ltd. 'A' Ordinary Shares - DVR will be removed from the indices including Nifty 100, Nifty 200, Nifty 500 and Nifty Auto.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.80 ( -0.71)
- 44492337
- G V Films
- 0.94 (+ 9.30)
- 37404318
- Jaiprakash Power Ven
- 19.44 ( -3.38)
- 30530141
- Spicejet Ltd.
- 62.79 ( -4.25)
- 22824171
- Srestha Finvest
- 0.89 (+ 4.71)
- 21696619
MORE NEWS
Rakesh Gangwal Buys $108 Million Southwest Shares
Rakesh Gangwal, IndiGo co-founder, has purchased 3.6 million shares of Southwest...
Office Leasing Soars: 70 Mn Sq Ft Expected in 2024
CBRE predicts record office space leasing in India's top 9 cities in 2024, driven by...
SolarfiX India Partners with Kanemasa for 10 GW...
SolarfiX India has partnered with Japan-based Kanemasa to develop 10 GW solar module...