IOC to be dropped from Nifty 50 from Mar 31; Apollo Hospitals to move in
Apollo Hospitals Enterprise Ltd will replace Indian Oil Corporation Ltd from National Stock Exchange's benchmark index Nifty 50 from March 31.
The Index Maintenance Sub-Committee Equity (IMSC) of NSE Indices Limited has decided to make it a part of its periodic review, according to a press release on Thursday.
Apart from Nifty 50, changes have been announced in several indices including Nifty Next 50.
One 97 Communication, owner of Paytm; FSN E-Commerce Ventures, which runs online marketplace Nykaa, Zomato Ltd, Indian Oil Corporation Ltd, MindTree Ltd and SRF Ltd will find a place in Nifty Next 50.
Apollo Hospitals Enterprise, Aurobindo Pharma, Hindustan Petroleum Corporation Ltd, Indraprastha Gas Ltd, Jindal Steel & Power Ltd and Yes Bank will be excluded from Nifty Next 50.
These change will become effective from March 31 (close of March 30).
Besides, NSE Indices has revised the eligibility criteria for inclusion of stocks in Nifty equity indices.
The minimum listing history .