Change in index stock

[suri]

Hi,

HDFC bank and HDFC merger , how does it affect nifty 50, weightage, index funds behavior, nifty 50 market cap, etc ?
Can anyone elaborate?

[ajaybgowda]

LTIMindtree, Jindal Steel & Power, Mankind Pharma to be included in Nifty 50, Nifty 100 and Nifty 500 respectively

As part of NSE Indices’ periodic review, NSE has decided to make the following replacement of stocks in various indices. These changes will be effective from July 13, 2023. You can check the announcement here Owing to the merger of HDFC Ltd. with HDFC Bank Ltd. The Index Maintenance Sub-Committee (Equity) of NSE Indices Limited has decided to make replacement of stock in various indices. Some of which are highlighted below: Nifty 50: The following company will be excluded: Sr. No. Com…

Please Refer this