Idea, BHEL sink up to 6% on exclusion from Nifty 50

Tags: Stock Market
Shares of Idea Cellular and BHEL fell by up to 6 per cent today as these companies will move out of National Stock Exchange's Nifty 50 index from March 31.

Reacting to the exclusion, the scrip of Idea tumbled 5.74 per cent to Rs 101.65 while that of BHEL went lower by 2.47 per cent to Rs 149.55 on NSE.

Indiabulls Housing Finance and Indian Oil Corporation will take their slots in the index.

Indiabulls Housing surged 6 per cent to Rs 882.50 and IOC 2.81 per cent to Rs 386.55.

The changes, as announced by Indian Index Services and Product, an arm of NSE, will be effective March 31, 2017.

Apart from Nifty 50, the exchange has made changes to several indices, including Nifty 500, Nifty 100, Nifty Midcap 50, Nifty Smallcap 250 and Nifty Next 50.

EDITORIAL OF THE DAY

  • Surveillance, investigation and enforcement are key to keeping the market regulations intact

    The biggest issue that flummoxes small investors is why did the securities market regulator, Securities Exchange Board of India (Sebi), take ten long

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: SRK’s ALPHABET SOUP

On Saturday, the Enforcement Directorate sent a show cause notice ...

Ananda Majumdar

<b>Ruminations:</b> WALKING ON A THIN EDGE

A social media post doing the rounds says, with some ...

Kuruvilla Pandikattu

The number of our friends

How many close friends can we have? How does our ...