Britannia Industries rose while HPCL declined at 9:28 IST on BSE after the NSE announced rejig in the Nifty 50 index with effect from 29 March 2019.
Britannia Industries was up 0.11% at Rs 3,048.
Hindustan Petroleum Corporation (HPCL) was down 0.20% at Rs 227.75.
Meanwhile, the S&P BSE Sensex was down 298.68 points, or 0.82% to 35,914.70.
Britannia Industries will replace state-run oil retailer Hindustan Petroleum Corporation (HPCL) to enter the Nifty 50 Index from 29 March 2019. The replacement will also be applicable to Nifty 50 Equal Weight Index.
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