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Nifty Semi-Annual Review Announced - Includes Nestle, Excludes Indiabulls Housing finance
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As per the latest announcement from NSE, Nestle India (NESTLEIND) will be included in Nifty 50 index while Indiabulls Housing finance (IBULHSGFIN) will be excluded from the index. The change is effective 27th September, 2019.

As per the revised criterion for inclusion in indices, it was decided by the exchanges that all equity shares that are traded (listed & traded and not listed but permitted to trade) at the National Stock Exchange (NSE) are eligible for inclusion in the NIFTY indices. Convertible stock, bonds, warrants, rights, preferred stock that provide a guaranteed fixed return and stocks under BZ series are not eligible for inclusion in the NIFTY indices.

 It may be recalled that earlier we were not expecting any changes in Nifty 50 but the criterion was revised on August 21 thus allowing the above change to take place in Nifty.  These change impact the passive funds as they need to make the respective change in the portfolio they are tracking mimicking the Nifty 50. Usually we see selling pressure on the stock which is excluded and buying pressure on the stock which is included till the effective date of change.
 
 
The author may have positions in the stocks as mentioned in the article above, please assume us to be biased. This is not a recommendation to buy or sell securities. This is purely information about the company mentioned. Equity investing contain risks and please consult your financial adviser for any buy and sell securities!

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