Adani Power, Indian Railway Finance Corporation, Power Finance Corporation and REC are the other counters that will be included in the Nifty Next 50 index.
Shares of Jio Financial Services (JFS) gained 3 percent on February 29 following inclusion in the Nifty Next 50 index. The NSE announced the change in its semi-annual review of broad market indices. The stock will enter the index on March 28, 2024.
At 9.40am, shares of JFS were quoting Rs 319.05 on the NSE, up 3.5 percent from the previous close.
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In addition to Jio Financial Services, Adani Power, Indian Railway Finance Corporation, Power Finance Corporation and REC will make it into the Nifty Next 50.
NSE in its press release also said that Adani Wilmar, Muthoot Finance, PI Industries, Procter and Gamble Health and Hygiene Care will exit from Nifty Next 50,