Five companies, including Nykaa-run ACC Ltd, HDFC Asset Management Company and FSN E-Commerce Ventures, will be removed from the Nifty Next 50 index from September 29.

NSE Index Ltd, an arm of the National Stock Exchange, said on Thursday that Indus Towers and Page Industries would also be removed from the index.

Punjab National Bank, Trent, Shriram Finance, TVS Motor Company and Zydus Lifesciences will be included in the Nifty Next 50 index, NSE Indices said in a statement.

The Index Maintenance Sub-Committee (IMSC) of NSE Indices decided to make the changes effective September 29 as a part of the half-yearly review.

In addition, changes have been announced in several indices – Nifty 500, Nifty 100, Nifty Midcap 150, Nifty Smallcap 250, Nifty Midcap 50, Nifty Midcap 100, Nifty Smallcap 50 and Nifty Smallcap 100.

However, no change was announced in NSE’s benchmark index Nifty 50.

NSE Indices also revised the eligibility criteria for several sectoral indices including Nifty Auto, Nifty Bank, Nifty IT, Nifty FMCG and Nifty Pharma.

(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content was auto-generated from a syndicated feed.)

first published: 17 August 2023 | 9:37 PM First

Leave a Reply

Your email address will not be published.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