Apart from Adani Wilmar, ABB India, Canara Bank, Page Industries and Varun Beverages also are being covered in Nifty’s Next 50 index. On the alternative hand, Bandhan Bank, Biocon, Gland Pharma, Emphasis and Paytm (One97 Communications) are being removed from the Nifty Next 50 Index.
NSE: The country’s major stock market NSE (National Stock Exchange) has made changes in some of its major index stocks. NSE has included two Adani Group companies – Adani Wilman and Adani Power in some of its indexes. The new device will come into impact from March 31, 2023.
The Index Maintenance Sub-Committee of NSE Indices Limited, during its review, has decided to list the shares of Adani Group in various indices. According to NSE, Adani Wilmar will be included in Nifty Next 50 and Nifty 100 indexes while Adani Power will be a part of Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap a hundred and fifty, Nifty Large Midcap 250 and Nifty Midsmallcap 400 indexes.
No change in Nift50 index
However, NSE has now not made any modifications in its Nifty 50 index. In this, as before, two companies of Adani Group – Adani Enterprises and Adani Ports & SEZ will remain.
This change happened in Nifty Next50 Index
Apart from Adani Wilmar, ABB India, Canara Bank, Page Industries and Varun Beverages are also being covered in Nifty’s Next 50 index. On the Other hand, Biocon, Gland Pharma, Bandhan Bank, Emphasis and Paytm (One97 Communications) are being removed from the Nifty Next 50 Index.
There has been a huge fall in the shares of Adani Group in the last 25 days. Shares of these companies have been witnessing upheaval after US-based short-seller firm Hindenburg Research leveled allegations of fraudulent transactions and stock-price rigging against the Adani Group. However, the Adani group has brushed off these allegations as false. He has said that he complies with all laws and disclosure requirements.