Bajaj Finserv, Grasim and Titan to be part of Nifty 50 index from April 2

The three companies were being added as a substitute for Ambuja Cements, Aurobindo Pharma and Bosch; PNB has been excluded from the Nifty Mid-cap index

IISL, the index provider for National Stock Exchange(NSE), has included  Bajaj Finserv, Grasim Industries and Titan in the Nifty 50 index.  In a press release on Wednesday, the index provider said the three companies were being added as a substitute for Ambuja Cements, Aurobindo Pharma and Bosch who will cease to be a part of the index. 

These changes will come in effect from April 2, 2018. Analysts say the addition of Bajaj Finserv would further increase the weight of financial services sector in the index. The sector already holds the maximum weight in the index of about 30%.

Newly listed companies