Nifty50 rejig: Top 50 Indian companies list to see new entries from September 30

Nifty50 rejig: The semi-annual rejig of the Nifty50 index of the National Stock Exchange will take place this month. According to a PTI report, the Index Maintenance Sub-Committee - Equity (IMSC) of NSE Indices Limited has decided to make the changes as a part of its periodic review. The NSE makes changes to Nifty indices twice every year. 

Starting September 30, the Nifty50 index will see new companies joining the list of 50 largest Indian companies. 

The PTI report said that Adani Enterprises, the flagship company of Adani Group, and Shree Cement is the leading cement-making firm, owning brands such as Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement and Rockstrong.

Apart from Nifty 50, changes have been announced in several indices, including Nifty Next 50, Nifty 500, Nifty 200 and Nifty 100.

Adani Total Gas Ltd, Bharat Electronics Ltd, Hindustan Aeronautics Ltd, Indian Railway Catering and Tourism Corporation Ltd, MphasiS Ltd, Samvardhana Motherson International and Shree Cement Ltd will find a place in the Nifty Next 50.

Adani Enterprises, Jubilant Foodworks, Lupin, MindTree Ltd, Punjab National Bank, Steel Authority of India Ltd and Zydus Lifesciences will be dropped from the Nifty Next 50 index.

These changes will become effective from September 30.

According to the release, no changes are being made in Nifty Aditya Birla Group, Nifty Mahindra Group and Nifty Tata Group indices.

Separately, NSE Indicies has decided to exclude B&B Triplewall Containers and SecUR Credentials from Nifty SME Emerge index on account of proposed migration of these companies from NSE's SME Emerge platform to the exchange's main board. This change will become effective from September 8.

With PTI Inputs