The official statement regarding the same was given by the Nifty, which stated that from March 31, 2023, Adani Wilmar will be included in the Nifty Next 50 Index, whereas Adani Power will be included in the Nifty Next 500 Index and the Nifty Midcap 150 Index, respectively.
Table of Contents
Nifty Next 50
Scripts to be excluded from the Nifty Next 50 list will be: Bandhan Bank Ltd., Biocon Ltd, Gland Pharma Ltd, MphasiS Ltd. And One 97 Communications Ltd. (Paytm).
The ones to be included in the list are: ABB India Ltd, Adani Wilmar Ltd, Canara Bank, Page Industries, and Varun Beverages Ltd.
20 Scripts to be excluded from this list, some of them are: AstraZenca Pharma India Ltd, Caplin Point Laboratories Ltd, Privi Speciality Chemicals Ltd, Procter & Gamble Health Ltd, Tata Coffee Ltd, Thyrocare Technologies Ltd, Wockhardt Ltd, Aditya Birla Sun Life AMC Ltd and Alok Industries Ltd.
Some of the included ones are: Adani Power Ltd, Bikaji Foods International Ltd, BLS International Services Ltd, Craftsman Automation Ltd, Data Patterns (India) Ltd, Keystone Realtors Ltd, KFin Technologies Ltd, KSB Ltd, NMDC Ltd, Piramal Enterprises Ltd, Tamilnad Mercantile Bank Ltd.
These replacements will also apply to Nifty500 Multicap index.
Under Midcap 150, Adani Wilmar, Canara Bank, ABB India, and Page Industries, nine other companies will be excluded. In this category, the new entrants include Adani Power, One 97 Communication, Gland Pharma, Apollo Tyres, Biocon Ltd, and eight others. Adani Wilmar will be excluded from Midcap 100 while Adani Power will be among the 14 companies that will replace the indices.
Scrips EXCLUDED are: Bandhan Bank Ltd, Biocon Ltd, Gland Pharma Ltd, MphasiS Ltd, One 97 Communications Ltd.
Scrips included are: ABB India Ltd, Adani Wilmar Ltd, Canara Bank, Page Industries Ltd, and Varun Beverages Ltd..
Nifty Smallcap 50
Scrips to be EXCLUDED are: Alok Industries Ltd, Amber Enterprises India Ltd, Apollo Tyres Ltd, Balrampur Chini Mills Ltd, Can Fin Homes Ltd, Chemplast Sanmar Ltd, Firstsource Solutions Ltd, Indigo Paints Ltd, Intellect Design Arena Ltd, 10 Metro Brands Ltd, Sterlite Technologies Ltd, TV18 Broadcast Ltd, Zensar Technologies Ltd
Scrips to be INCLUDED are: Bikaji Foods International Ltd, City Union Bank Ltd, Easy Trip Planners Ltd, Global Health Ltd, IDBI Bank Ltd, Indian Energy Exchange Ltd.
On Friday (19th February) Indian stock market indices closed on a negative note. Nifty lost 0.5%, closing under the 18,000 level at 17,944 while BSE Sensex closed at 61,002.5, down by 316.94 points. Nifty Oil & Gas was the only gainer. Bank Nifty declined 1.2%, with Bandhan Bank, IndusInd Bank, Bank of Baroda, AU Small Finance Bank dropping the most.
Not only this, but in commodities, Gold prices hit a one-month low. According to – Colin Shah, MD, Kama Jewellery,
“The price of the yellow metal has hit a 1-month low of $1835. The immediate fall in the price of gold is the result of the economic data in the US. The PPI data – a key inflation metric rose in January (MoM). This has led to concerns about Fed introducing more extensive rate hikes to control inflation. The data also pushed the Dollar index towards the 104 level, a higher dollar makes gold buying more expensive.”
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