Telecom player Reliance Communications and state-run Rural Electrification Corporation will move out from the NSE’s Nifty Next 50 index from September 30.
The changes, announced by India Index Services and Products Ltd (IISL), an arm of National Stock Exchange, will be effective from September 30, 2016.
Further, Reliance Communications, REC and Aditya Birla Nuvo would become part of NSE’s Nifty Midcap 50 index, while Allahabad Bank, Justdial and Syndicate Bank would move out from the index.
Apart from these, the exchange has announced changes in several indices including Nity Midcap 50, Nifty 100, Nifty 200, Nifty 500, Nifty Free Float Midcap 100, infrastructure, IT and consumption.
Besides, KPIT Technologies and Tata Elxsi would replace Cyient and Info Edge (India) Ltd in the Nifty IT index.
Crompton Greaves would be included in the Nifty infrastructure index, while PTC would move out from the index.