NewsCorporate ActionsNifty 50 Reshuffles: IndiGo and Max Healthcare Join, Hero MotoCorp and IndusInd Bank ExitNifty 50 Reshuffles: IndiGo and Max Healthcare Join, Hero MotoCorp and IndusInd Bank Exit
The National Stock Exchange (NSE) has announced changes to its Nifty 50 index, effective September 30. InterGlobe Aviation (IndiGo) and Max Healthcare Institute will be added, while Hero MotoCorp and IndusInd Bank will be removed. The reshuffle extends to other indices including Nifty 100 and Nifty 500, with multiple inclusions and exclusions. This semi-annual review aims to reflect current market dynamics and may impact index-linked funds and benchmarks.
*this image is generated using AI for illustrative purposes only.
The National Stock Exchange (NSE) has announced significant changes to the composition of its benchmark Nifty 50 index, set to take effect from September 30. This reshuffle, part of NSE's semi-annual review, aims to ensure the index accurately reflects the evolving dynamics of the Indian stock market.
Key Changes in Nifty 50
- New Entrants: InterGlobe Aviation (IndiGo) and Max Healthcare Institute
- Departures: Hero MotoCorp and IndusInd Bank
Broader Index Modifications
The changes extend beyond the Nifty 50, affecting several other indices:
Nifty 100 Index
| Exclusions | Inclusions |
|---|---|
| Dabur India | Hindustan Zinc |
| Hero MotoCorp | Max Healthcare |
| ICICI Prudential Life Insurance | Mazagon Dock Shipbuilders |
| IndusInd Bank | Siemens Energy India |
| Swiggy | Solar Industries India |
Nifty 500 Index
The Nifty 500 will undergo more extensive modifications:
- Exclusions: 18 companies will be removed from the index
- Notable Inclusions:
- Aditya Birla Lifestyle Brands
- Aegis Vopak Terminals
- Ather Energy
- ITC Hotels
Impact on Other Indices
The semi-annual review also brings changes to various other Nifty indices, including:
- Nifty Midcap indices
- Nifty Smallcap indices
These categories will see multiple replacements, reflecting shifts in market capitalization and sector performance.
Significance of the Reshuffle
These changes are crucial for investors and fund managers, particularly those managing index-linked funds or using the Nifty indices as benchmarks. The reshuffle reflects:
- Changing market dynamics
- Evolving sector weightages
- Performance of individual stocks
Investors should note that these modifications may lead to rebalancing activities in index-linked portfolios, potentially affecting short-term stock movements for the companies involved.
The NSE's regular review and update of its indices ensure that they remain representative of the current market landscape, providing accurate benchmarks for the Indian equity market.
18
