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  1. NSE announces changes in various indices; check new additions/exclusions of NIFTY 50, NIFTY Next 50, and NIFTY 500

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NSE announces changes in various indices; check new additions/exclusions of NIFTY 50, NIFTY Next 50, and NIFTY 500

Upstox

2 min read | Updated on August 26, 2024, 08:58 IST

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SUMMARY

In the NIFTY Next 50, seven companies that have been excluded are Berger Paints India, BEL, Colgate Palmolive (India), Marico Ltd., SBI Cards and Payment Services, SRF, and Trent.

These changes will become effective on September 30, 2024 (close of September 27, 2024).

These changes will become effective on September 30, 2024 (close of September 27, 2024).

The Index Maintenance Sub-Committee (Equity) of NSE Indices on Friday, August 23, announced changes in various Nifty equity indices as listed.

These changes will become effective on September 30, 2024 (close of September 27, 2024).

Here are the key changes you need to know.

Nifty 50

The NSE has added two stocks, Bharat Electronics (BEL) and Trent, to the benchmark index. These two stocks will replace the pharma company, Divi's Laboratories, and the tech firm, LTIMindtree.

NSE said that Trent Ltd. (average free-float market capitalisation ₹99,364 crore) and Bharat Electronics (average free-float market capitalisation ₹89,317 crore) have been included in the Nifty 50 index as the six-month average free-float market capitalisation of these companies within the eligible universe is at least 1.5 times the 6-month average free-float market capitalisation of the smallest constituents, i.e., LTIMindtree Ltd. (average free-float market capitalisation ₹47,022 crore) and Divi's Laboratories (average free-float market capitalisation ₹51,261 crore), respectively.

NIFTY Next 50

In the NIFTY Next 50, seven companies that have been excluded are Berger Paints India, BEL, Colgate Palmolive (India), Marico Ltd., SBI Cards and Payment Services, SRF, and Trent. The companies that are included in the index are BHEL, Divi's Laboratories, JSW Energy, LTIMindtree, Macrotech Developers, NHPC, and Union Bank of India.

NIFTY 500

Stocks that have been excluded from the index are as below.
nse1.webp
These stocks have been added to the index
nse2.webp
nse3.webp
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