In the most recent semi-annual September rejig of NSE indices, Vodafone Idea was removed from both the Nifty 500 and the Nifty Midcap 100. Vodafone Idea shares fell 2.35 percent on Friday (August 23) to settle at Rs 15.82 apiece on the NSE. The company’s current market capitalization is Rs 1,07,655.91 crore, with a free-float market capitalization of Rs 3,373.33 crore. In the last six months, the telecom stock has decreased by 9.8 %.
Stocks Removed Form Nifty 50
Vodafone has been removed from the Nifty 500, along with 26 other equities. AETHER, ALLCARGO, ANURAS, BORORENEW, CSB Bank, DCM Shriram Ltd., DCMSHRIRAM, EPL, FDC, GLS, GMM Pfaudler Ltd., Happy Forgings Ltd., Indigo Paints Ltd., Jai Balaji Industries Ltd., JK Paper Ltd., KRBL, Laxmi Organic Industries Ltd., Mahindra Holidays & Resorts India Ltd., MEDPLUS, MTAR Technologies Ltd., Prince Pipes and Fittings Ltd.
Stocks Included In Nifty 50
Aadhar Housing Finance Ltd., Aditya Birla Sun Life AMC Ltd., Anant Raj Ltd., BASF India Ltd., Bharti Hexacom Ltd., G R Infraprojects Ltd., GE T&D India Ltd., Go Digit General Insurance Ltd., Godrej Agrovet Ltd., IFCI Ltd., Indegene Ltd., Indian Renewable Energy Development Agency Ltd., INOX India Ltd., Jaiprakash Power Ventures Ltd., Kirloskar Brothers Ltd., Kirloskar Oil Eng Ltd., Netweb Technologies India Ltd., Newgen Software Technologies Ltd., Pfizer Ltd., PTC Industries Ltd., Shipping Corporation of India Ltd., TBO Tek Ltd., Techno Electric & Engineering Company Ltd., Valor Estate Ltd., and Vinati Organics Ltd. are among the stocks that were recently included in the Nifty 50 index.
Next Nifty 50 rejig Date
The NSE Indices Index Maintenance Sub-Committee (Equity) made adjustments to the 50-stock index on Friday, which will take effect on September 30, 2024 (close of September 27, 2024). Trent (TRENT), a lifestyle company owned by the Tata Group, and state-run Bharat Electronics (BEL) are the most recent additions to the Nifty 50 index, while LTI Mindtree (LTIM) and Divi’s Laboratories have left.
The Nifty Next 50 will include Bharat Heavy Electricals (BHEL), Divi’s Laboratories, JSW Energy, LTIMindtree, Macrotech Developers, NHPC, and Union Bank of India, with Berger Paints India, Bharat Electronics, Colgate Palmolive (India), Marico, SBI Cards and Payment Services, SRF, and Trent excluded. Canara Bank has replaced Bandhan Bank in the Nifty Bank index as part of the semi-annual shuffle. Canara Bank’s average free-float market capitalization over the last six months has been Rs 38,973 crore, compared to Rs 15,945 crore for Bandhan Bank.
