Cairn India, Punjab National Bank and Vedanta will be dropped from the National Stock Exchange's Nifty 50 index with effect from April 1.
In their place, Aurobindo Pharma, Bharti Infratel, Eicher Motors and Tata Motors Ltd (DVR) will be included in the index.
Tata Motors shares are already part of Nifty, and inclusion of Tata Motors Ltd (DVR) in the Nifty 50 will take the number of securities in the index to 51.
However, the total number of companies will continue to be 50.
Equity shares with differential voting rights are eligible to be included in the indices as an additional security subject to the fulfillment of eligibility criteria, India Index Services and Products Ltd (IISL), a subsidiary of NSE Strategic Investment Corporation, said in a circular.
"On account of inclusion of Tata Motors Ltd (DVR), the Nifty 50 index shall have 51 securities," it added.
The changes in various indices have been announced as part of periodic review.
In addition, changes have been made in several indices including financial services, infrastructure, media, metal, Nifty 200, Nifty 500.
Besides, IISL announced new structure of Nifty broad market indices. The new structure constitutes 11 indices, of which five are new indices.
The existing index structure is enhanced to efficiently represent the large, mid and small market capitalisation segments.
The five new indices are - Nifty Midcap 150, Nifty Smallcap 250, Nifty Full Midcap 100, Nifty Smallcap 50 and Nifty Full Smallcap 100.
The existing indices are - Nifty 50, Nifty 500, Nifty 100, Nifty 200, Nifty Next 50 and Nifty Midcap 50.
The replacement of stocks in various indices, change in constituents of existing indices and publication of new indices will be effective from April 1, 2016.
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