Among the major changes that NSE Indices Ltd has done, there is some good news for Gautam Adani, as two of his group firms – Adani Power and Adani Wilmar have been added to a few indices.
Adani Wilmar has been included in Nifty Next 50 and Nifty 100 indices, whereas Adani Power will now be part of Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap 150, Nifty LargeMidcap 250, and Nifty Midsmallcap 400 indices.
All the changes in the indices will be effective from March 31, the exchange said.
While there was some good news for Adani, Paytm owner One 97 Communications had few reasons to cheer as the stock has been removed from the largecap indices – Nifty Next 50 and Nifty 100 – and moved to Nifty Midcap 100 and Nifty Midcap 150 indices.
Along with Adani Wilmar, ABB India, Canara Bank, Page Industries, and Varun Beverages will be included in the Nifty Next 50 index. On the other hand, Biocon, Bandhan Bank, Mphasis, and Gland Pharma will be excluded, besides Paytm.
Other major index rejigs are as follows:
Nifty 200
Exclusions: Clean Science and Technology, Emami, Gujarat State Petronet, ICICI Securities, Indiamart Intermesh, Indian Energy Exchange, Linde India, National Aluminium Co, Nippon Life India Asset Management.
Inclusions: Adani Power, Apollo Tyres, CG Power and Industrial Solutions, Devyani International, Gujarat Fluorochemicals, Indian Railway Finance Corporation, NHPC, NMDC, Piramal Enterprises
Nifty Midcap 100:
Exclusions: ABB India, Adani Wilmar, Canara Bank, Clean Science and Technology, Emami, Gujarat State Petronet, ICICI Securities, Indiamart Intermesh, Indian Energy Exchange, Linde India, NALCO, Nippon Life India Asset Management, Page Industries, Varun Beverages
Inclusions: Adani Power, Apollo Tyres, Bandhan Bank, Biocon, CG Power and Industrial Solutions, Devyani International, Gland Pharma, Gujarat Fluorochemicals, IRFC, MphasiS, NHPC, NMDC, One 97 Communications, Piramal Enterprises.
Nifty Smallcap 50
Exclusions: Alok Industries, Amber Enterprises, Apollo Tyres, Balrampur Chini, Can Fin Homes, Chemplast Sanmar, Firstsource Solutions, Indigo Paints, Intellect Design, Metro Brands, Sterlite Technologies, TV18 Broadcast, Zensar Technologies.
Inclusions: Bikaji Foods, City Union Bank, Easy Trip Planners, Global Health, IDBI Bank, Indian Energy Exchange, Indian Overseas Bank, IRB Infrastructure, Mazagon Dock Shipbuilders, NALCO, Rail Vikas Nigam, Suzlon Energy, UCO Bank.
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