IndusInd Bank, NMDC gain on Nifty inclusion- Business News

IndusInd Bank, NMDC gain on Nifty inclusion

 PTI   New Delhi     Last Updated: February 14, 2013  | 13:40 IST

Shares of IndusInd Bank and NMDC on Thursday gained up to over 3 per cent as both the companies would be included in the National Stock Exchange's benchmark index Nifty from April 1.

IndusInd Bank shares moved up by 1.87 per cent to Rs 448.90 - its record high on the BSE, while at NSE, it rose by 2 per cent to an all-time high of Rs 449.70.

Shares of state-run NMDC were up 3 per cent to Rs 148.95 at the BSE. On the NSE, the stock climbed 3.2 per cent to Rs 151.50.

India Index Services & Products Ltd, an NSE-Crisil joint venture that maintains Nifty index, had on Thursday said Wipro and Siemens would be excluded from the 50-share benchmark index with effect from April 1, 2013.

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