Latest News | Trent, Bharat Electronics to Be Included in Nifty 50 Index from Sep 30

New Delhi, Aug 23 (PTI) Tata Group retail firm Trent Ltd and state-run Bharat Electronics Ltd (BEL) will be included in the National Stock Exchange's benchmark index Nifty 50 from September 30, NSE Indices announced on Friday.

Drug firm Divi's Laboratories and technology services provider LTI Mindtree will be dropped from the Nifty 50 index.

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The Index Maintenance Sub-Committee (Equity) of NSE Indices Ltd has decided to make these replacements in the indices as part of its periodic review. "These changes shall become effective from September 30, 2024," NSE Indices said in a statement.

Additionally, Bharat Heavy Electricals Ltd, Divi's Laboratories, JSW Energy, LTIMindtree, Macrotech Developers Ltd. NHPC and Union Bank of India will be included in Nifty Next 50 index.

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On the other hand, Berger Paints India, Bharat Electronics, Colgate Palmolive (India) Ltd, Marico, SBI Cards and Payment Services, SRF and Trent will be excluded from the index.

Further, changes have been announced in several indices including Nifty 500, Nifty 200, Nifty 100, Nifty Smallcap 250, Nifty Midcap 150 and Nifty Midcap 50. Separately, NSE Indices announced the exclusion of Tata Motors Ltd. 'A' Ordinary Shares - DVR ni from various indices, effective from August 30.

This exclusion is due to the company's capital reduction scheme, which involves the cancellation of all 'A' Ordinary Shares (with differential voting rights) and their replacement with Ordinary Shares. As a result, Tata Motors Ltd. 'A' Ordinary Shares - DVR will be removed from the indices including Nifty 100, Nifty 200, Nifty 500 and Nifty Auto.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)