NSE indices rejig: Vodafone Idea, Wipro part of major changes in Nifty Next 50 and Nifty 100. Check full list
BSE, Hitachi Energy India, Polycab India, Vedanta Aluminium Metal and Vodafone Idea will be included. The same changes will also apply to the Nifty100 Equal Weight index.
The Nifty Next50 will also see five replacements. Indian Hotels, Lodha Developers, REC, Shree Cement and United Spirits will move out of the index. Hitachi Energy India, Polycab India, Vedanta Aluminium Metal, Vodafone Idea and Wipro will be added.
Wipro’s entry into the Nifty Next50 comes after its exclusion from the Nifty. NSE Indices said Nifty and Nifty Next50 constituents are derived from the Nifty 100. Stocks that are part of the reconstituted Nifty100 but not part of the Nifty 50 are included in the Nifty Next50.
Also Read: Nifty rejig: IT major Wipro to move out of benchmark index after BSE gets inclusion
Nifty 500 changes
The Nifty500 will see a larger churn, with 27 companies moving out and 27 entering. The exclusions include 3M India, Aditya Birla Fashion and Retail, Bayer Cropscience, Bikaji Foods International, Blue Dart Express, Go Digit General Insurance, Indegene, Latent View Analytics, Newgen Software Technologies, Niva Bupa Health Insurance, Pfizer, Saregama India, SBFC Finance, Sonata Software and Travel Food Services.The new entrants into the Nifty500 include Aether Industries, Avanti Feeds, Azad Engineering, Bagmane Prime Office REIT, Bharat Coking Coal, Black Box, Brookfield India Real Estate Trust, Clean Max Enviro Energy Solutions, Cupid, Embassy Office Parks REIT, Fractal Analytics, INOX India, Rubicon Research, Sterlite Technologies, TD Power Systems, Thangamayil Jewellery, Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Oil and Gas and Vedanta Power.
The Nifty500 changes will also apply to the Nifty500 Equal Weight, Nifty500 Multicap 50:25:25 and Nifty500 LargeMidSmall Equal-Cap Weighted indices.
Index changes are closely tracked by investors because passive funds and ETFs linked to these indices usually adjust their portfolios before the effective date. Incoming stocks may see passive buying, while outgoing stocks can face selling pressure, depending on liquidity and the size of index-linked assets.
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