LTIMindtree to replace HDFC in Nifty 50 index from July 13
LTIMindtree Ltd will replace Housing Development Finance Corporation Ltd in the Nifty 50 index from July 13, the National Stock Exchange said on Tuesday.
LTIMindtree Ltd will replace Housing Development Finance Corporation Ltd in the Nifty 50 index from July 13, the National Stock Exchange said on Tuesday. The stock exchange has announced changes to various indices, including Nifty 50 and Nifty 100, on account of scheme of amalgamation of HDFC with HDFC Bank. From July 13, LTIMindtree will replace HDFC in the benchmark Nifty 50 index and Jindal Steel & Power will take the place of the mortgage lender in the Nifty 100 index, according to NSE.
In a release, the bourse said the Index Maintenance Sub-Committee (Equity) of NSE Indices Ltd has decided to make replacement of stock in various indices, following the HDFC-HDFC Bank amalgamation.
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