{"id":3321,"date":"2022-04-05T08:41:37","date_gmt":"2022-04-05T08:41:37","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=3321"},"modified":"2022-04-05T08:46:47","modified_gmt":"2022-04-05T08:46:47","slug":"nse-rejigs-indices-heres-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/nse-rejigs-indices-heres-what-you-need-to-know\/","title":{"rendered":"NSE rejigs indices: Here\u2019s what you need to know"},"content":{"rendered":"

The National Stock Exchange (NSE) makes changes to Nifty indices twice every year. NSE has announced rebalancing of three of its indices \u2013 Nifty 50, Bank Nifty and Nifty Next 50. Owing to this semi-annual rebalancing, certain stocks will be replaced by others and see an exit.\u00a0<\/span><\/p>\n

These changes in the index came into effect from April 1, 2022 while the adjustment took place the previous day. <\/span>Here\u2019s a look at the details of the rejig:<\/span><\/p>\n

Nifty Next 50 rejig:<\/b><\/h2>\n

In the Nifty<\/span> Next 50 Index<\/span><\/a>, some interesting changes are about to happen.\u00a0<\/span><\/p>\n

Three of the stocks included in the index are ones that had their IPOs in the second half of 2021. Only the stocks that are part of Nifty Next 50 are eligible to enter Nifty 50. This change is expected to result in major cash inflows for companies that are joining the index.<\/span><\/p>\n

Companies that will be included:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n
Sr. No<\/span><\/td>\nCompany Name<\/span><\/td>\nSymbol<\/span><\/td>\n<\/tr>\n
1<\/span><\/td>\nFSN E-Commerce Ventures Ltd. (Nykaa)<\/span><\/td>\nNYKAA<\/span><\/td>\n<\/tr>\n
2<\/span><\/td>\nIndian Oil Corp Ltd.<\/span><\/td>\nIOC<\/span><\/td>\n<\/tr>\n
3<\/span><\/td>\nMindTree Ltd.<\/span><\/td>\nMINDTREE<\/span><\/td>\n<\/tr>\n
4<\/span><\/td>\nOne 97 Communications Ltd. (Paytm)<\/span><\/td>\nPAYTM<\/span><\/td>\n<\/tr>\n
5<\/span><\/td>\nSRF Ltd.<\/span><\/td>\nSRF<\/span><\/td>\n<\/tr>\n
6<\/span><\/td>\nZomato Ltd.<\/span><\/td>\nZOMATO<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Companies that will be excluded:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n
Sr. No<\/span><\/td>\nCompany Name<\/span><\/td>\nSymbol<\/span><\/td>\n<\/tr>\n
1<\/span><\/td>\nApollo Hospitals Enterprise Ltd.<\/span><\/td>\nAPOLLOHOSP<\/span><\/td>\n<\/tr>\n
2<\/span><\/td>\nAurobindo Pharma Ltd.<\/span><\/td>\nAUROPHARMA<\/span><\/td>\n<\/tr>\n
3<\/span><\/td>\nHindustan Petroleum Corporation Ltd.<\/span><\/td>\nHINDPETRO<\/span><\/td>\n<\/tr>\n
4<\/span><\/td>\nIndraprastha Gas Ltd.<\/span><\/td>\nIGL<\/span><\/td>\n<\/tr>\n
5<\/span><\/td>\nJindal Steel & Power Ltd.<\/span><\/td>\nJINDALSTEEL<\/span><\/td>\n<\/tr>\n
6<\/span><\/td>\nYes Bank Ltd.<\/span><\/td>\nYESBANK<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Nifty 50 and Bank Nifty rejig:<\/b><\/h2>\n

Apollo Hospitals will enter the benchmark index, replacing PSU stock Indian Oil Corporation. This is an upgrade for Apollo Hospitals as the company was part of Nifty Next 50 Index until now.\u00a0<\/span><\/p>\n

Bank of Baroda will now be part of the Bank Nifty index, while RBL will see an exit. This is expected to bring in cash inflows for Bank of Baroda and Apollo Hospitals.<\/span><\/p>\n

Companies that will be included:<\/span><\/p>\n\n\n\n\n\n
Sr. No<\/span><\/td>\nCompany Name<\/span><\/td>\nSymbol<\/span><\/td>\nIndex<\/span><\/td>\n<\/tr>\n
1<\/span><\/td>\nApollo Hospitals Enterprise Ltd.<\/span><\/td>\nAPOLLOHOSP<\/span><\/td>\nNifty 50<\/span><\/td>\n<\/tr>\n
2<\/span><\/td>\nBank of Baroda<\/span><\/td>\nBANKBARODA<\/span><\/td>\nBank Nifty<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Companies that will be excluded:<\/span><\/p>\n\n\n\n\n\n
Sr. No<\/span><\/td>\nCompany Name<\/span><\/td>\nSymbol<\/span><\/td>\nIndex<\/span><\/td>\n<\/tr>\n
1<\/span><\/td>\nIndian Oil Corp Ltd.<\/span><\/td>\nIOC<\/span><\/td>\nNifty 50<\/span><\/td>\n<\/tr>\n
2<\/span><\/td>\nRBL Bank Ltd.<\/span><\/td>\nRBLBANK<\/span><\/td>\nBank Nifty<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Changes to eligibility criteria for Index rebalancing<\/b>\u00a0<\/span><\/p>\n

NSE has also made some changes in the criteria based on which rebalancing is done. <\/span>Now constituents should have a minimum listing history of 1 calendar month as on the cut-off date. The earlier requirement was that of minimum listing history of 3 calendar months. This has enabled recently listed stocks to enter into the Nifty Next 50 index.<\/span><\/p>\n

Do check out the changes on the Paytm Money app and website.<\/span><\/p>\n

Investments in securities market are subject to market risks, read all the related documents carefully before investing. <\/span><\/i>This content is purely for information and investor awareness purposes only and in no way to be considered as advice or recommendation. The securities quoted are exemplary and are not recommendatory.<\/span> Please refer<\/span><\/i> www.paytmmoney.com<\/span><\/i><\/a> for further information.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

The National Stock Exchange (NSE) makes changes to Nifty indices twice every year. NSE has announced rebalancing of three of its indices \u2013 Nifty 50, Bank Nifty and Nifty Next 50. Owing to this semi-annual rebalancing, certain stocks will be replaced by others and see an exit.\u00a0 These changes in the index came into effectContinue reading “NSE rejigs indices: Here\u2019s what you need to know”<\/span><\/a><\/p>\n","protected":false},"author":31,"featured_media":3322,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-classic-ns.php","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-3321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=3321"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/3322"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=3321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=3321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=3321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}