NSE Indices, a subsidiary of the National Stock Exchange (NSE), on Tuesday announced multiple changes in index components across the board.
As per the rejig, Edelweiss Financial Services will be removed from Nifty Financial Services index while Piramal Enterprises will be included. The change will come into effect on 27 March 2020.Shares of Edelweiss Financial Services were down 1.18% at Rs 88. The NBFC has tanked 37.65% in last one year.
Piramal Enterprises was up 2.52% at Rs 1560.60. It has declined 26.44% in last one year.
In Nifty 50 index, Shree Cement will replace private lender Yes Bank in the benchmark index Nifty 50 from 27 March 2020.
Amongst NSE's sectorial indices, Godrej Industries was replaced by Varun Beverages in Nifty FMCG index. In Nifty IT index, Hexaware Technolgies and Tata Elxsi were dropped and replaced by Info Edge (India) and MphasiS. In Nifty Pharma index, Glenmark Pharmaceuticals and Piramal Enterprises were excluded while Alkem Laboratories and Torrent Pharmaceuticals were added.
NSE Indices also made changes to Mid Cap and Small Cap indices
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