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Shares of Adani Ports and Special Economic Zone were trading higher by 4% to Rs 335 as the stock will be included in the benchmark CNX Nifty of the National Stock Exchange (NSE).
Adani Ports and Special Economic Zone will replace state-run iron ore miner NMDC on the NSE's CNX Nifty 50 index with effect from September 28.
The inclusion in Nifty is likely to witness buying from passive funds which track index. This will also lead to higher liquidity in the stocks.
Adani Ports hit a high of Rs 337 on the NSE in intra-day trade. A combined 2.33 million shares changed hands on the counter on the NSE and BSE.
NMDC on the other hands was down 3% at Rs 96.70, after hitting a 52-week low of Rs 95.80 on the NSE in intra-day trade.
Adani Ports and Special Economic Zone will replace state-run iron ore miner NMDC on the NSE's CNX Nifty 50 index with effect from September 28.
The inclusion in Nifty is likely to witness buying from passive funds which track index. This will also lead to higher liquidity in the stocks.
Adani Ports hit a high of Rs 337 on the NSE in intra-day trade. A combined 2.33 million shares changed hands on the counter on the NSE and BSE.
NMDC on the other hands was down 3% at Rs 96.70, after hitting a 52-week low of Rs 95.80 on the NSE in intra-day trade.
