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Nifty Mid-Cap And Nifty Small Cap Index To See Exclusion And Inclusion Of These Stocks

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From NSE indices rejig that is due on June 26, the Index Maintenance Sub-Committee (IMSC) of NSE Indices has taken a decision to substitute 12 stocks in the Nifty Midcap 100 and 15 stocks in Nifty Smallcap index.

In accordance to the method for bringing about such a change all of the stocks from Nifty Midcap 50 will be made part of the Midcap index. "Remaining companies are selected based on average daily turnover from Nifty Midcap 150 index."

Nifty Mid, Small Cap Index To See Exclusion And Inclusion Of These
 

So effective Friday June 26, 12 stocks to be added to the Nifty Midcap 100 index are:

1.Aarti Industries

2. Adani Gas

3. Ashok Leyland

4. Dr Lal Path Labs

5. Gujarat Gas

6. Indiabulls Housing Finance

7. IRCTC

8. L&T Finance Holdings

9. NIIT Technologies

10. Polycab India

11.Trent

12. Vodafone Idea

Detailed Nifty rejig that is due on June 26

And simultaneously the companies that shall be removed from Nifty Midcap 100 are:

1. Engineers India

2. Future Consumer

3. Graphite India

4. HEG

5. Indian Bank

6. Indraprastha Gas

7. Info Edge

8. Muthoot Finance

9. NBCC (India)

10. Sterlite Technologies,

11. Torrent Pharmaceuticals

12. Varroc Engineering.

For Nifty Smallcap 100

All companies from Nifty small cap 50 index are included and the "Remaining companies are selected based on average daily turnover from the top 150 companies selected based on full market capitalisation from Nifty Smallcap 250 index."

Nifty small cap 100: 15 Stocks to be included

1.Affle India

2. Birla Corporation

3.Century Textile & Industries

4. CSB Bank

5. Dixon Technologies (India)

6. GMM Pfaudler

7. Granules India

8. Graphite India

9 HEG

10.Inox Leisure

11. Mishra Dhatu Nigam

12.Navin Fluorine International

13.NBCC (India)

14. Sterlite Technologies

15. Ujjivan Small Finance Bank.

Nifty small cap index 100 will see removal of below listed stocks:

1.Arvind Fashions

2. BSE

3. CARE Ratings

4. Chalet Hotels

 

5. Chennai Petroleum Corporation

6. CreditAccess Grameen

7. DHFL

8. Dish TV India

9. Future Lifestyle Fashions

10 JK Cement

11 Karnataka Bank

12.Minda Industries

13 NIIT Technologies

14Suzlon Energy

15.Venky's India.

Since the year 2018, the mid and small cap space has been underperforming the Nifty 50 index but now they are being said to play a catch-up in valuation. But notably they showed remarkable performance in 2016-17.

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