Anil Ambani Group Company Reliance Capital will be replaced by state run Coal India from 10th October. Earlier in last month Coal India replaced another Anil Ambani Company Reliance infra from the Sensex blue chip index.
Coal India was listed last year in the stock market in november and it has been doing well since its listing. It has became the most valued firm after Reliance Industries & ONGC. From October 10 Coal India will replace Reliance Capital in Nifty Index. Reliance Capital, Idea cellular, Bosch and Dabur India will be included in the Nifty Junior Index. It will be replaced by Patni Computer, Syndicate Bank, Coal India and Punj Lloyd.
Unitech & Jain Irrigation will be included in Nifty 50 Midcap Index. Ambuja Cement and Sterlite will enter CNX MNC Index. OBC bank will be replaced by IndusInd bank in the CNX Bank Index. In CNX PSE Coal India will replace BEML. In the CNX infrastructure index NHPC, Voltas and Adani Power will replace Indian Hotels, Unitech and DLF.
The new entrants which are included in the CNX Midcap Index are Bharat Earth Movers Ltd, GMR Infra, Castrol, Oracle Financial Services, India bulls finance, Hindustan Zinc, Voltas, India Bulls Realestate and NHPC. The new entrants which are included in the CNX 500 Index are State Bank of Bikaner, SKS Microfinance, State Bank of Travancore, Page industries, Sujana Towers, Indiabulls Power, AIA Engineering, Network 18, BF Utlities, KSK Energy, DCB, HFCL, Central Bank, eClerx, Indian Bank, Gujarat Pipavav Port, Dewan HousingGoogle+