Yes Bank will be excluded and Shree Cement will be added in Nifty50 index w.e.f. March 27, 2020.
Shree Cements share price gained 6 percent, while Yes Bank declined 4 percent intraday on February 19 after indices revision.
On February 18 NSE Indices Limited 18 announced the revision in criteria and replacements among the indices
Yes Bank will be excluded and Shree Cement will be added in Nifty50 index w.e.f. March 27, 2020.
Among others, Hexaware Technologies and Tata Elxsi are being excluded from the Nifty IT index, while Info Edge (India) and MphasiS being included.
At 09:40 hrs, Shree Cements was quoting at Rs 24,799.95, up Rs 1,001.60, or 4.21 percent and Yes Bank was quoting at Rs 34.45, down Rs 0.60, or 1.71 percent on the BSE.
Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.
First Published on Feb 19, 2020 10:07 am
