Bosch gains ahead of entry in S&P CNX Nifty

Bosch will replace IDFC in S&P CNX Nifty from May 29, 2015

Bosch is up over 4% at Rs 22,500 after the auto parts manufacturing major will replace  IDFC in the Nifty from May 29, 2015.

Bosch Ltd will be included and IDFC Ltd will be excluded from the CNX Nifty Index, NSE group company India Index Services & Products Ltd, the company which maintains the indices said in release on Wednesday.

Further, IDFC is also being excluded from CNX 100 Index, CNX 200 Index, CNX 500 index and CNX Finance Index, CNX Service Sector Index and CNX High Beta Index, the release added.

Bosch opened at Rs 21,925 and touched a high of Rs 22,591. At 11:20, over 20,000 shares were traded on both the stock exchanges.