NSE to Reorganize: ACC, Nykaa, HDFC AMC to be out of Nifty Next 50 from September 29.

They would be replaced by Punjab National Bank, Shriram Finance, Trent, TVS Motor, and Zydus Lifesciences, per a release issued by the stock exchange. The National Stock Exchange of India( NSE) on August 17 blazoned a reorganization in its crucial indicators, which will lead to the rejection of ACC, Nykaa, and HDFC Asset Management Company from the Nifty Next 50. 

The change will come into effect from September 29. long with the three companies, Indus Towers and Page diligence would also be moved out from Nifty Next 50. They will be replaced by Punjab National Bank, Shriram Finance, Trent, TVS Motor, and Zydus Lifesciences. The same set of reserves will also be seen in the Nifty 100 indicator, from September 29 onwards. piecemeal from the below five realities, Tata Motors would also be included in the Nifty 100, as per a release issued by NSE. Among the companies set for rejection from Nifty Next 50 and Nifty 100, ACC has lost22.21 percent of its stock value time- to date, Nykaa- driver lost14.28 percent, Indus Towers has slipped14.29 percent, and Page diligence1.72 percent. In the trading session on August 17, ACC closed at Rs 1,897.80 on the BSE, Nykaa at Rs 133, Indus Towers at Rs161.55 and Page diligence at Rs 41,200 NSE has also made changes to the broader Nifty 500 indicator, with aggregate of 18 companies set for rejection on September 29. They include Indiabulls Real Estate, Mahindra Logistics, Hinduja Global Results, Jindal Worldwide, and Godrej Agrovet, among others. They would be replaced by 18 realities, including Ujjivan Small Finance Bank, Gillette India, Glenmark Life lores, Alok diligence, Procter & Gamble Health, and Kirloskar Ferrous diligence, among others.

# Tag:  NSE, Stock Market, Nifty, ACC, Nykaa, HDFC AMC, PNB, Punjab National Bank, Shriram Finance, Trent, TVS Motor, and Zydus Lifesciences