NSE announces major changes to Nifty 50 Index. Trent and BEL are in, while Divi’s Labs and LTIMindtree are out. Changes effective September 30.
Trent and BEL joined Nifty 50 as their 6-month average free-float market cap is 1.5x larger than the smallest members, Divi’s Labs and LTIMindtree.
After exiting Nifty 50, Divi’s Labs and LTIMindtree are now part of the Nifty Junior Index, joining other significant players.
Nifty Bank Index sees a change in its lineup, effective from September 30. Bandhan Bank is out, and Canara Bank is in!
IRFC included in Nifty PSE Index, while LIC is excluded. This marks another significant change in the NSE indices.