Indigo, Max Healthcare set to enter Nifty 50 in Index Rejig. Check the full list

NSE Indices announced a recasting of his benchmark indices on Friday as part of his half-yearly assessment. Budget Carrier Indigo and Max Healthcare Institute will be included in the Nifty Index, to replace Hero Motocorp and Indusind Bank. The changes will take effect from September 30.

Indigo had an average exemption market capitalization of RS 1.13 Lakh Crore, while Max Healthcare’s were on RS 84,555 crore, which makes them eligible for height. In the meantime, the average exemption market cap of Hero Motocorp RS was 52.336 Crore and RS 55.270 Crore by Indusind Bank.

Apart from the benchmark, the Nifty 100, Nifty Next 50, Nifty 500, Nifty Midcap and SmallCap indices have also seen additions and outputs.

Changes in Nifty 100, Nifty Next 50 and other indices

The Nifty 100 will see Dabur India, Icici Prudential Life Insurance, Hero Motocorp, Indusind Bank and Swiggy Expention, make way for Hindustan Zink, Max Healthcare, Mazagon Dock Shipbuilders, Siemens Energy India and Solar Indies.

The Nifty Next 50 will add Hindustan Zink, Mazagon Dock, Siemens Energy and Solar Industries.

The broader Nifty 500 index will see as many as 18 stocks exit including GNFC, JSW Holdings, Justdial, Mastek and Westlife Foodworld.Fresh entrants include Aditya Birla Lifestyle Brands, Aegis Vopak Terminals, Ather Energy, Hexaware Technologies, ITC Hotels and Siemens Energy.In the MidCap Basket, Max Healthcare, Hindustan Zinc, Mazagon Dock, Solar Industries and Bandhan Bank belong to the shares that make way for Dabur, Hero Motocorp, Indusind Bank, Icici Prudential Life and various others. While Hero and Indusind leave the Nifty50, they return to the midcap-oriented indices, including Nifty Midcap 150, Midcap 50 and MidCap 100.

Under sectoral indices, Auto MRF and Balkrishna Industries will replace Sona BLW Precision Smeeding and Uno Minda.

Nifty Financial Services dropped HDFC AMC in favor of BSE de Nifty Pharma -Index will induce Piramal Pharma and Wockhardt, while Realty SignatureGlobal has added.

Thematic indices are also re -aligned. Dixon Technologies joined Nifty India consumption, Bharat Forge came to India Defense. Hyundai Motor India and Swiggy now came in handy mobility.

No changes were made to Nifty Bank, Nifty IT, FMCG, Oil & Gas, Metals, Private Bank and PSU Bank Indices.

NSE said that the assessment ensures that the indices remain relevant benchmarks for market participants and accurately reflect changes in the investable universe.