NSE Semi Annual Index Review: No changes to Nifty 50; Adani Wilmar added to Nifty Next 50, Paytm excluded
In its semi-annual index review, the National Stock Exchange of India (NSE) made no changes in the constituents of the benchmark index Nifty 50 but has altered some other major indices.
Two companies from the Adani group, Adani Wilmar and Adani Power were included in some of the major indices. Adani Wilmar was included in the Nifty Next 50 and Nifty 100 while Adani Power will be included in several indices like Nifty 200, Nifty 500, Nifty Midcap 100, Nifty Midcap 150, Nifty Midsmallcap 400 and Nifty LargeMidcap 250.
Companies such as Varun Beverages, ABB India, Canara Bank and Page Industries will be included in the Nifty Next 50 index while Gland Pharma, Mphasis, Bandhan Bank and Paytm will be excluded.
One 97 Communications, the parent company of Paytm, was removed from Nifty Next 50 and Nifty 100 and will now be a part of the Midcap indices like the Nifty Midcap 100 and Nifty Midcap 150.
NSE said that all the changes in the indices will be effective from March 31. However, there were no changes made to the Nifty 50, Nifty Bank, and Nifty IT indices.
Apart from the changes made to Nifty Next 50 and Nifty 100, there were changes made in other major indices as well. Check out here:
The index saw the exclusion of Clean Science and Technology, Gujarat State Petronet, ICICI Securities, Indiamart Intermesh, Emami, IEX, Linde India, Nippon Life Asset Management and National Aluminum.
On the other hand, Adani Power, Apollo Tyres, Devyani International, CG Power and Industrial Solutions, Indian Railway Finance Corporation, Gujarat Fluorochemicals, NHPC, Piramal Enterprises and NMDC were included in the index.
Nifty Midcap 100
Adani Power, Apollo Tyres, Devyani International, One97 Communications, Biocon, Bandhan Bank, IRFC, Mphasis, NHPC, NMDC, CG Power and Solutions, GFCL, Gland Pharma and Piramal Enterprises were the companies that were included in the leading Midcap index.
Some of the companies that were excluded from the index were Varun Beverages, Adani Wilmar, Indiamart Intermesh, Gujarat State Petronet and Canara Bank.
Nifty Smallcap 50
Nifty Smallcap 50 index saw a few changes as well. Companies that were excluded from the index were Alok Industries, TV18 Broadcast, Sterlite Technologies, Firstsource Solutions, Amber Enterprises, Balrampur Chini, Can Fin Homes, Apollo Tyres, Chemplast Sanmar, Intellect Design, Metro Brands, Indigo Paints and Zensar Technologies.
Whereas IEX, City Union Bank, NALCO, Rail Vikas Nigam, Suzlon Energy, Bikaji Foods, Easy Trip Planners, Global Health, IDBI Bank, Indian Overseas Bank, IRB Infrastructure, Mazagon Dock Shipbuilders, UCO Bank were included in the index.
The issue received 92 bids worth Rs 27,863 crore. However, HDFC retained 55 investor bids worth Rs 25,000 crore.
According to the Weekly Statistical Supplement report published by the Reserve Bank of India (RBI), India’s foreign currency assets declined by $7.108 billion to $500.587 billion.