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Tata Communications, Arvind to move out from NSEs Nifty Midcap 50 index

Tata Communications, Arvind to move out from NSEs Nifty Midcap 50 index

New Delhi, May 25 (PTI) Telecom player Tata Communications and textile major Arvind Ltd will move out from NSEs Nifty Midcap 50 from June 29.

In their place, Indian Bank and National Aluminium Co. Ltd would be included in the index.

The changes, announced by India Index Services and Products Ltd (IISL), an arm of National Stock Exchange today, will be effective from June 29, 2018.

The index captures the movement of the midcap segment of the market. It includes top 50 companies based on full market capitalisation from Nifty Midcap 150 index and on which, derivative contracts are available on the National Stock Exchange (NSE).

Further, Tata Communications would be excluded from NSEs Nifty Infrastructure index, while Torrent Power would be included in the index. PTI SP SBT SBT