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 March 28, 2024. You can check the full announcement here
Some of the key changes include the inclusion of Shriram Finance Ltd. and the exclusion of UPL Ltd. from Nifty 50 and the inclusion of stocks like Jio Fin, PFC, REC, etc & the exclusion of stocks like Adani Wilmar, Muthoot finance, etc from Nifty Next 50.
Nifty 50:
The following company will be excluded:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | UPL Ltd. | UPL |
The following company will be included:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | Shriram Finance Ltd. | SHRIRAMFIN |
Nifty Nifty Next 50:
The following company will be excluded:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | Adani Wilmar Ltd. | AWL |
| 2 | Muthoot Finance Ltd. | MUTHOOTFIN |
| 3 | PI Industries Ltd. | PIIND |
| 4 | Procter & Gamble Hygiene & Health Care Ltd. | PGHH |
| 5 | Shriram Finance Ltd. | SHRIRAMFIN |
The following company will be included:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | Adani Power Ltd. | ADANIPOWER |
| 2 | Indian Railway Finance Corporation Ltd. | IRFC |
| 3 | Jio Financial Services Ltd. | JIOFIN |
| 4 | Power Finance Corporation Ltd. | PFC |
| 5 | REC Ltd. | RECLTD |
Nifty Midcap Select:
The following company will be excluded:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | Abbott India Ltd. | ABBOTINDIA |
| 2 | Balkrishna Industries Ltd. | BALKRISIND |
| 3 | Bandhan Bank Ltd. | BANDHANBNK |
| 4 | Power Finance Corporation Ltd. | PFC |
The following company will be included:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | Lupin Ltd. | LUPIN |
| 2 | PI Industries Ltd. | PIIND |
| 3 | UPL Ltd. | UPL |
| 4 | Vodafone Idea Ltd. | IDEA |
Nifty Financial Services:
The following company will be excluded:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | Indian Energy Exchange Ltd. | IEX |
The following company will be included:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | IDFC Ltd. | IDFC |
Nifty LargeMidcap 250
The following company will be excluded:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | Aarti Industries Ltd. | AARTIIND |
| 2 | Blue Dart Express Ltd. | BLUEDART |
| 3 | Crompton Greaves Consumer Electricals Ltd. | CROMPTON |
| 4 | Navin Fluorine International Ltd. | NAVINFLUOR |
| 5 | Pfizer Ltd. | PFIZER |
| 6 | Rajesh Exports Ltd. | RAJESHEXPO |
| 7 | Relaxo Footwears Ltd. | RELAXO |
| 8 | Trident Ltd. | TRIDENT |
| 9 | Vinati Organics Ltd. | VINATIORGA |
| 10 | Whirlpool of India Ltd. | WHIRLPOOL |
The following company will be included:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | IDBI Bank Ltd. | IDBI |
| 2 | Indian Renewable Energy Development Agency Ltd. | IREDA |
| 3 | Jio Financial Services Ltd. | JIOFIN |
| 4 | JSW Infrastructure Ltd. | JSWINFRA |
| 5 | Kalyan Jewellers India Ltd. | KALYANKJIL |
| 6 | KEI Industries Ltd. | KEI |
| 7 | Lloyds Metals And Energy Ltd. | LLOYDSME |
| 8 | SJVN Ltd. | SJVN |
| 9 | Suzlon Energy Ltd. | SUZLON |
| 10 | Tata Technologies Ltd. | TATATECH |
Nifty Midcap 50
The following company will be excluded:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | Abbott India Ltd. | ABBOTINDIA |
| 2 | Bata India Ltd. | BATAINDIA |
| 3 | Biocon Ltd. | BIOCON |
| 4 | Indraprastha Gas Ltd. | IGL |
| 5 | LIC Housing Finance Ltd. | LICHSGFIN |
| 6 | Power Finance Corporation Ltd. | PFC |
| 7 | REC Ltd. | RECLTD |
| 8 | United Breweries Ltd. | UBL |
| 9 | Voltas Ltd. | VOLTAS |
| 10 | Zee Entertainment Enterprises Ltd. | ZEEL |
The following company will be included:
| Sr. No. | Company Name | Symbol |
|---|---|---|
| 1 | Bharat Heavy Electricals Ltd. | BHEL |
| 2 | Dixon Technologies (India) Ltd. | DIXON |
| 3 | GMR Airports Infrastructure Ltd. | GMRINFRA |
| 4 | L&T Finance Holdings Ltd. | L&TFH |
| 5 | Max Healthcare Institute Ltd. | MAXHEALTH |
| 6 | PI Industries Ltd. | PIIND |
| 7 | Suzlon Energy Ltd. | SUZLON |
| 8 | Tube Investments of India Ltd. | TIINDIA |
| 9 | UPL Ltd. | UPL |
| 10 | Yes Bank Ltd. | YESBANK |
Read the following thread to discuss and know more about the impact of index rejigging on stocks: