The index maintenance sub-committee of NSE indices has taken a decision to replace 15 stocks in nifty small cap index and 12 stocks in the Nifty midcap 100. This decision will come into effect from June 26.
According to theory, the mid cap index comprises of all companies from Nifty midcap 50 wild remaining are selected on an average daily turnover basis from Nifty midcap 150 index.
The stocks that will be added in the Nifty midcap hundred with effect from next Friday are Aarti industries, Adani Gas, Ashok Leyland, Dr Lal pathlabs, Gujarat Gas indiabulls housing Finance, IRCTC,L&T Finance holdings, polycab India, NIIT technologies, Vodafone Idea and Trent.
The stocks that are removed are future consumer, graphite India, engineers India, HEG, Indian Bank, Indraprastha Gas, info edge, Muthoot finance, NBCC, Sterlite technologies, Varroc engineering and torrent pharmaceuticals.
The 15 stocks that will now become a part of of the Nifty smallcap 100 are Birla corporation, Affle India, century textile and industries, dixon technology, CSB Bank, GMM pfaudler, granules India, graphite India, HEG, INOX leisure, Mishra dhatu Nigam, Navin fluorine international, NBCC, Sterlite technologies and ujjivan small finance Bank. These stocks will take the positions of BSE, care ratings, Arvind fashions, chalet hotels, Chennai petroleum corporation, creditaccess Grameen, DHFL, dish TV India, future lifestyle fashions, Karnataka Bank, JK cement, NIIT technologies, Minda industries, Suzlon energy and Venky’s India.