Yes Bank
will be excluded and Shree Cement will be added in Nifty50 index w.e.f. March
27, 2020.
Shree Cements share price gained 6%, while Yes Bank declined 4 percent intraday
on February 19 after indices revision.
 |
| The GRS Solution |
On February 18 NSE Indices Limited 18 announced the revision in criteria and replacements among the indices.
Yes Bank
will be excluded and Shree Cement will be added in Nifty50 index w.e.f. March
27, 2020.
Among
others, Hexaware Technologies, and Tata Elxsi are being excluded from the Nifty
IT index, while Info Edge (India) and MphasiS being included.
At 09:40 hrs, Shree
Cement was quoting at Rs 24,799.95, up to Rs 1,001.60, or 4.21% and Yes
Bank was quoting at Rs 34.45, down Rs 0.60, or 1.71% on the BSE.
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