
The National Stock Exchange (NSE) of India has announced changes to the Nifty 50 index, effective September 30, 2024. As part of this semi-annual review, Trent, a Tata Group company, and Bharat Electronics Limited (BEL), a state-owned enterprise, will be added to the index. They will replace Divi's Laboratories and LTIMindtree, which will be removed from the Nifty 50. This adjustment is part of the regular rebalancing of the index to reflect the evolving market conditions and company performances.
The latest round of the Nifty 50 rejig was also announced on Friday. Trent, the Tata Group multibagger, which is up 20x from its Covid-19 lows, will be the latest entrant to the index, along with state-run Bharat Electronics. Both these names will replace Divi's Laboratories and…
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