PNB, TVS Motor, 3 other stocks to enter Nifty Next 50

NIFTY Next 50: Five stocks, Punjab National Bank, Shriram Finance, Trent, TVS Motor and Zydus Life, will be added in the Nifty Next 50 index, NSE said on Thursday. On the other hand, in order to accommodate the new stocks, ACC, FSN E-Commerce (Nykaa), HDFC Asset Management, Page Industries and Indus Towers will be removed from the index. 

The changes will take effect on September 29, according to the stock exchanges.

Besides the Nifty Next 50, the bourse will also tweak a few other indices.  

Nifty 500 — the broadest index on the stock exchange

Jindal SAW, Kaynes Technology, Ujjivan Small Finance Bank, Sheela Foam and Safari Industries will be added to the Nifty 500 basket, while Godrej Agrovet, BASF India, Mahindra Logistics, NOCIL and Indiabulls Real Estate will be removed, according to NSE. 

Nifty Midcap 150 index changes

Rail Vikas Nigam Ltd (RVNL), Mazagon Dock, KPIT Technologies, Fertilisers and Chemicals Travancore and Bank of Maharashtra will be added to the Nifty midcap 150 index, replacing Affle (India), Happiest Minds Technologies, Nippon Life India Asset Management, Clean Science and Technology and Fine Organic Industries, it said.  

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