A Oneindia Venture
News Personal finance Gold rates Silver rates Mutual funds IPO MSME
Gold Rates
Silver Rates
Platinum Rates
Fuel Price
Holidays
Banking
Lottery
Calculators
Savings Scheme
Get Updates
Get notified about market trends, financial advice, and investment tips!
English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 72,696.39 -2.46% ↓ Nifty 22,512.65 -2.60% ↓ 22k Gold ₹ 12,435/gm Silver ₹ 2,30,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 101.11 USD ₹ 93.41
Sensex 72,696.39 -2.46% ↓ Nifty 22,512.65 -2.60% ↓ 22k Gold ₹ 12,435/gm Silver ₹ 2,30,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 101.11 USD ₹ 93.41
Home News Business
Ranbaxy, JP Associates to make way for United Spirits, Tech Mahindra in the Nifty
By
Add as a preferred source on Google

sensex-nifty
Tech Mahindra: Quotes, News
BSE 1387.60BSE Quote2.7 (-0.19%)
NSE 1384.00NSE Quote0.8 (-0.06%)
Pharma major Ranbaxy, which has been in the midst of several US FDA related issues, will exit the Nifty along with debt laden Jaiprakash Associates.

Tech Mahindra, yet another another tech stock will be added to the Nifty along with United Spirits from March 28. The addition of Tech Mahindra will now increase the weightage of technology stocks in the index.

There has been no rationale offered for the changes, but, Tech Mahindra and United Spirits have been seeing heavy volumes in the last few months. Ranbaxy has seen its share price fall significantly after a number of its plants received US FDA warning letters.

Jaiprakash Associates on the other hand is saddled with debt and its share prices has slumped in the last few years.

The CNX Nifty Junior is also undergoing a change and accordingly Tech Mahindra, United Spirits and IDBI Bank will exit the index and Ranbaxy Laboratories, ING Vysya Bank and Bharti Infratel will be included.

The CNX 100 and the CNX 200 have also undergone changes.

GoodReturns.in

Share This Article
Story first published: Friday, February 28, 2014, 8:49 [IST]
See More On: ranbaxy, tech mahindra, jp associates, united spirits, bharti infratel
Other articles published on Feb 28, 2014

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+
Sign Out