Tuesday, February 23, 2016

NSE going to add 4 companies & going to drop Vedanta, Cairn India, PNB from index

Share market updates : Following stocks will be dropped from the National Stock Exchange's Nifty-50 index with effect from April 1st - Cairn IndiaBSE 0.68 %, PNB(Punjab National Bank) & Vedanta.Click for Commodity tips

In their place, Aurobindo Pharma, Eicher Motors, Bharti Infratel & Tata MotorsBSE 0.35 % Ltd (DVR) will be included in the index.

Shares of Tata Motors is already a part of Nifty & inclusion of Tata Motors Ltd (DVR) in the Nifty- 50 will take the number of securities in the index to 51.

Moreover, the total number of companies will continue to be 50. On the other hand, equity shares with differential voting rights are eligible to be in the indices as an additional security subject to the fulfillment of eligibility criteria, India Index Services (IISL), a subsidiary of NSE Strategic Investment Corporation, told in a circular.

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