On August 23, the NSE Index Maintenance Sub-Committee announced updates to various Nifty indices, effective September 30, 2024, with changes being implemented at the close of September 27, 2024. These adjustments reflect ongoing shifts in market compositions and investment trends.
NIFTY 50
The NSE announced the inclusion of Bharat Electronics (BEL) and Trent in the Nifty 50 index, effective September 30, 2024. These additions replace Divi’s Laboratories and LTIMindtree due to their higher six-month average free-float market capitalizations of ₹89,317 crore and ₹99,364 crore, respectively.
NIFTY Next 50
The NIFTY Next 50 index will see changes with the exclusion of seven companies, including Berger Paints India, BEL, Colgate Palmolive (India), Marico Ltd, SBI Cards and Payment Services, SRF, and Trent. These changes are part of the ongoing adjustments by NSE Indices.
The NIFTY Next 50 will welcome new members such as BHEL, Divi’s Laboratories, JSW Energy, LTIMindtree, Macrotech Developers, NHPC, and Union Bank of India. These inclusions reflect shifts in market capitalizations and portfolio rebalancing.
These updates to the NIFTY 50 and NIFTY Next 50 indices reflect significant market movements and are aimed at maintaining benchmark accuracy. The rebalance in both indices will take effect at the close of September 27, 2024.