From next Friday NSE will add Abbott, Indraprastha Gas, Muthoot finance, torrent pharmaceuticals and info edge in the NIFTY next 50 index in the replacement of Ashok Leyland, indiabulls housing finance, L&T finance holdings, Vodafone Idea And the New India assurance company. The changes would be made from 26 June 2020.
These replacements in stocks are decided by the index maintenance sub-committee or IMSC. It has further decided to make replacements of stocks in NIFTY 500 ,NIFTY 100, NIFTY MIDCAP 150, NIFTY SMALLCAP 250, NIFTY MIDCAP 50, NIFTY MIDCAP 100, NIFTY SMALLCAP 50, NIFTY SMALLCAP 100, NIFTY LARGE MIDCAP 250, NIFTY MID SMALL CAP 400 AND NIFTY 200. NSE These changes will be made as a part of its periodic correction.
In the sectoral region, the committee also made replacements in NIFTY consumer durables, NIFTY auto, NIFTY financial Services, NIFTY media, NIFTY FMCG, NIFTY PSU bank, NIFTY Pharma, NIFTY IT, NIFTY commodities, NIFTY realty, NIFTY services sector, NIFTY India consumption and NIFTY MNC.
However, no replacement would be made to NIFTY private bank, NIFTY metal, NIFTY oil and gas, NIFTY energy, NIFTY infrastructure, NIFTY PSE, NIFTY quality 30, NIFTY Aditya Birla group, NIFTY Mahindra group, NIFTY Tata group and NIFTY Tata group 25% cap indices.