ADANI PORTS: Adani Ports and Special Economic Zone will be included in the NSE’s CNX Nifty 50 index with effect from September 28. However, NMDC will be excluded from the index.
The National Stock Exchange has decided to remove Adani Ports along with Reliance Power and Union Bank of India from Nifty Junior Index, These stocks will be replaced by Marico , NMDC and Sundaram Finance , the exchange said.
The exchange also made changes in CNX 100, CNX 200, CNX 500, LIX 15, LIX 15 Midcap, Nifty Midcap 50, CNX Midcap, CNX Smallcap, CNX Consumption, CNX Energy, CNX Finance, CNX Infrastructure, CNX Media, CNX Metal and CNX Service Sector indices with effect from same date.
Additionally, NSE said the committee has decided to make a change to the calculation methodology of CNX Metal index. The index is presently calculated based on the free-float market capitalisation method.
Effective September 28, 2015 (close of September 24, 2015), the weights of each company in the index shall be capped at 20 percent at the time of rebalancing of the index, it added.
