Bharat Electronics Ltd. and Trent Ltd. are set to join the Nifty 50 index, replacing Divi’s Laboratories Ltd. and LTI Mindtree Ltd. as part of the NSE Nifty indices reconstitution. This change, effective Sept. 30, 2024, reflects the evolving market landscape and free-float market capitalizations of the companies involved.
New Additions to Nifty 50
Trent Ltd., with an average free-float market capitalization of Rs. 99,364 crores, and Bharat Electronics Ltd. will now be included in the prestigious Nifty 50 index. These additions highlight the companies’ significant market performance and their growing influence within the Indian market.
Nifty Midcap 150 and Smallcap 250 Adjustments
The reconstitution will also see changes in the Nifty Midcap 150 and Nifty Smallcap 250 indices. The top stocks being excluded from the Nifty Midcap 150 include BHEL, ICICI Securities Ltd., JSW Energy Ltd., NHPC Ltd., and Vodafone Idea Ltd. Conversely, the Nifty Midcap 150 will welcome new entries such as Berger Paints India Ltd., Central Bank Of India, Cochin Shipyard, Exide Industries, and Indian Overseas Bank.
For the Nifty Smallcap 250, stocks like Aether Industries Ltd., Allcargo Logistics Ltd., Glenmark Life Sciences Ltd., and Housing & Urban Development Corporation Ltd. will be excluded, making way for other companies in the smallcap segment.
Impact of Index Reconstitution
These changes in the Nifty indices reflect the dynamic nature of the Indian stock market and its companies’ performances. Investors and market participants will closely watch these developments, which may impact market trends and investment strategies in the near future.
Source: bloombergquint.com
