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

  • In these three-odd years, BSE Sensex hit a lifetime high of 30,000 from 20,000

    Amassive 1,000 per cent surge in 120 stocks from October 13, 2013 till date, after Narendra Modi was declared BJP’s prime ministerial candidate is s

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium : THE UGLY AND INCONVENIENT TRUTH

Same song, different verse. The time for polemics over how ...

Gautam Datt

Terror comes calling again in Valley

The attack on army camp in Jammu and Kashmir’s Kupwara ...

Kuruvilla Pandikattu

The forgotten hero of science & religion

Young students of science will recognise Albert Einstein, Isaac Newton, ...