Replacements in indices w.e.f. March 28, 2024
Replacements in indices w.e.f. March 28, 2024
Money Control
Shriram Finance replaces UPL in Nifty50
NSE announced Shriram Finance will make its entrance to Nifty 50, replacing UPL from the index. The changes will come into place on March 28, 2024. Additionally, Jio Financial Services will enter Nifty Next 50.
Nuvama analysts expects $217 million inflow to Shriram and $114 million outflow from UPL due to the rejig in Nifty 50.
In addition to Jio Financial Services, Adani Power, Indian Railway Finance Corporation, Power Finance Corporation and REC will make it into the Nifty Next 50.
NSE in its press release also said that Adani Wilmar, Muthoot Finance, PI Industries, Procter and Gamble Health and Hygiene Care will exit from Nifty Next 50.
Updated on: 20/03/2024
