Zee Entertainment to replace United Spirits in Nifty from September 19
Mumbai: United Spirits will be replaced by Zee Entertainment Enterprises in the National Stock Exchange's benchmark index Nifty from September 19. India Index Services & Products Ltd, which is a subsidairy of NSE Strategic Investment Corporation Limited that maintains Nifty index, said in a statement that United Spirits Ltd (USL) will be excluded from the 50-share bluechip index, while Zee Entertainment Enterprises will be inducted in the index.
"These changes shall become effective from September 19, 2014 (close of September 18, 2014)," statement said. A host of changes have also been made in various other indices of NSE such as CNX Nifty Junior Index, CNX 100 Index, CNX 200 index and CNX 500 index by its Index Maintenance Sub-Committee during a periodic review, it said. Besides, sectoral indices for FMCG and consumption would also see some changes.
The stocks being excluded from Nifty Junior index are MphasiS and Zee Entertainment Enterprises, while Aurobindo Pharma and Motherson Sumi Systems would be included in the barometer. In the CNX 100 index, MphasiS and USL would be replaced by Aurobindo Pharma and Motherson Sumi Systems. Those being dropped from CNX 200 index include Adani Power, Bajaj Finserv, Bhushan Steel, GlaxoSmithkline Consumer Healthcare, Religare Enterprises, Gillette India, Berger Paints and Vijaya Bank.
The stocks that are being added to CNX 200 index include Alembic Pharmaceuticals, Engineers India, SKS Microfinance TVS Motor Company, Indian Oil Corporation, Muthoot Finance, Marico and National Aluminium Co. Ltd.
