Wipro, Siemens to exit Nifty from April 1

IT major Wipro and diversified group Siemens will be dropped from the (National Stock Exchange) NSE's benchmark index Nifty from April 1.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney SME Special
moneycontrol.com

Home » News » Markets » Market news

Feb 13, 2013, 11.07 PM | Source: PTI

Wipro, Siemens to exit Nifty from April 1

IT major Wipro and diversified group Siemens will be dropped from the (National Stock Exchange) NSE's benchmark index Nifty from April 1.

Like this story, share it with millions of investors on M3

Wipro, Siemens to exit Nifty from April 1

IT major Wipro and diversified group Siemens will be dropped from the (National Stock Exchange) NSE's benchmark index Nifty from April 1.

Post Your Comments

Share Cancel

IT major Wipro and diversified group Siemens will be dropped from the (National Stock Exchange) NSE's benchmark index Nifty from April 1. India Index Services & Products Ltd, an NSE-Crisil joint-venture that maintains the Nifty index, in a statement on Wednesday said Wipro and Siemens would be excluded from the 50-share benchmark index with effect from April 1, 2013.

In their place, private-sector lender IndusInd Bank and state-run NMDC would be included in the Nifty index, the statement said. A host of changes have also been made in various other indices of NSE such as CNX Nifty Junior Index, CNX 100 Index, CNX 200 Index, CNX 500 Index, CNX Midcap Index and CNX Smallcap Index by the NSE's Index Maintenance Sub-Committee during a periodic review, it said.

Besides, sectoral indices for auto, commodities, IT, consumption, metal, MNC, PSE, realty and service would also see some changes.

The stocks excluded from Nifty Junior index are Biocon , GMR Infrastructure , IndusInd Bank and Torrent Power , while Bajaj Finserv , Siemens, Tata Global Beverages and United Breweries would be included in the index.

In the CNX 100 index, Biocon, GMR Infrastructure, Torrent Power and Wipro would be replaced by Bajaj Finserv, NMDC, Tata Global Beverages and United Breweries.

Those being dropped from CNX 200 Index include CMC, Container Corporation of India, Coromandel International, Dish TV India, Engineers India, Great Eastern Shipping Company, Mangalore Refinery and Petrochemicals Ltd, Ruchi Soya Industries, Shipping Corporation of India, Thermax and Wipro.

The stocks that being added to CNX-200 index include Amara Raja Batteries, City Union Bank, Emami, ING Vysya Bank, L&T Finance Holdings, NMDC, Pidilite Industries and Shriram City Union Finance, Torrent Power, TV18 Broadcast and Wockhardt.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Wipro, Siemens to exit Nifty from April 1

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login