Bharat Electronics Ltd. and Trent Ltd. will be the latest additions to the Nifty 50 index, replacing Divis Laboratories and LTIMindtree, effective from September 30, 2024. This change, part of the NSE’s semi-annual review, also affects the Nifty50 Equal Weight index.
Only stocks listed in NSE’s Futures & Options segment qualify for Nifty 50 inclusion. Bharat Electronics and Trent were selected based on their average free-float market capitalisation, surpassing the minimum threshold of 1.5 times that of the smallest Nifty 50 constituents, which were LTIMindtree and Divis Laboratories.
In addition to changes in the Nifty 50, the NSE has announced several other updates to its broader market indices, including the Nifty Next 50, Nifty 500, and various sectoral indices.
For instance, in the Nifty Pharma index, Ajanta Pharmaceuticals will replace Sanofi India, while Raymond will take Sunteck Realty’s place in the Nifty Realty index. These changes reflect the dynamic nature of India’s stock market, driven by the ongoing performance and market capitalization of listed companies.
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Source: MoneyControl
News Desk
