IDFC to exit Nifty index, Bosch new replacement

Infrastructure financing firm IDFC will move out of the National Stock Exchange's benchmark index Nifty and will be replaced by auto component major Bosch.

The changes will come into effect from May 29, according to the changes announced today by India Index Services & Products Ltd (IISL), an NSE group firm which manages Nifty and other indices. A host of changes have also been made in various other NSE indices such as CNX Nifty Junior Index, CNX 100 Index, CNX 200 Index CNX 500 Index and CNX Service Sector Index by its Index Maintenance Sub-Committee during a periodic review.

The stocks being excluded from Nifty Junior index are Adani Enterprises and Bosch while Britannia Industries and MRF would be included in the index. Those being dropped from CNX 200 Index include Adani Enterprises and IDFC, while Alstom T&D India and City Union Bank will come in. Besides, Veto Switchgears and Cables Ltd has migrated from the NSE's SME platform to the main board.