Wipro was down 3.13% to Rs396.65 on the NSE and Siemens was trading 3.32% lower at Rs584.50 in noon trade following the announcement
IT major Wipro and diversified group Siemens will be excluded from the National Stock Exchange's benchmark index Nifty from 1st April.
India Index Services & Products (IISPL), an NSE-Crisil joint venture that maintains the Nifty index, on Wednesday said Wipro and Siemens would be excluded from the 50-share benchmark index with effect from 1 April 2013.
They will be replaced by private sector lender IndusInd Bank and state-run NMDC in the Nifty index, the statement from IISPL said.
Many other changes have also been made in various other indices of NSE such as CNX Nifty Junior Index, CNX 100 Index, CNX 200 Index CNX 500 Index, CNX Midcap Index and CNX Smallcap Index by its Index Maintenance Sub-Committee during a periodic review, it said.
Besides, sectoral indices for auto, commodities, IT, consumption, metal, MNC, PSE, realty and service would also see some changes.
The stocks being excluded from Nifty Junior index are Biocon, GMR Infrastructure, IndusInd Bank and Torrent Power, while Bajaj Finserv, Siemens, Tata Global Beverages and United Breweries would be included in the index.
In the CNX 100 index, Biocon, GMR Infrastructure, Torrent Power and Wipro would be replaced by Bajaj Finserv, NMDC, Tata Global Beverages and United Breweries.
Those excluded from the CNX 200 Index include CMC, Container Corporation of India, Coromandel International, Dish TV India, Engineers India, Great Eastern Shipping Company, Mangalore Refinery & Petrochemicals, Ruchi Soya Industries, Shipping Corporation of India, Thermax and Wipro.
The stocks that being added to the CNX 200 index include Amara Raja Batteries, City Union Bank, Emami, ING Vysya Bank, L&T Finance Holdings, NMDC, Pidilite Industries and Shriram City Union Finance, Torrent Power, TV18 Broadcast and Wockhardt.
Wipro was down 3.13% to Rs396.65 on the NSE and Siemens was trading 3.32% lower at Rs584.50 in noon trade.
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