Shares of Adani Ports moved up by around 2 per cent on Monday after the company replaced state-run iron ore miner NMDC Ltd on the National Stock Exchange’s benchmark index Nifty from today. The stock gained 1.90 per cent to Rs 307.60 on NSE. On the BSE, it climbed 1.72 per cent to Rs 307.
The changes were decided by the index maintenance sub-committee as part of its periodic review, India Index Services & Products (IISL) had said last month.
“These changes shall become effective from September 28, 2015 (close of September 24, 2015),” it had said. In the broader market, the BSE benchmark Sensex closed 246.66 points down at 25,616.84.