PRESS RELEASE

Mumbai, August 23, 2024

Replacements in indices and revision in criteria

The Index Maintenance Sub-Committee (Equity) of NSE Indices Limited has decided to make the
following changes in various Nifty equity indices as listed hereunder. These changes shall become
effective from September 30, 2024 (close of September 27, 2024).

A. Replacements in indices:

The Index Maintenance Sub-Committee (Equity) of NSE Indices Limited has decided to make the
replacement of stocks in various indices as part of its periodic review as listed hereunder:

1) Replacements on account of semi-annual review of broad market indices:

a) Nifty 50

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Divi's Laboratories Ltd. DIVISLAB
2 LTIMindtree Ltd. LTIM

The following companies are being included:

Sr. No. Company Name Symbol

1 Bharat Electronics Ltd. BEL
2 Trent Ltd. TRENT

Note:
1. Trent Ltd. (average free-float market capitalization Rs. 99,364 crores) and Bharat Electronics Ltd. (average free-
float market capitalization Rs. 89,317 crores) have been included in Nifty 50 index as the 6-month average free-float
market capitalization of these companies within eligible universe is at least 1.5 times the 6-month average free-float
market capitalization of the smallest constituents i.e. LTIMindtree Ltd (average free-float market capitalization Rs.
47,022 crores) and Divi's Laboratories Ltd. (average free-float market capitalization Rs. 51,261 crores) respectively.
2. Next two eligible companies namely Hindustan Aeronautics Ltd. (Rs. 77,170 crores) and Tata Power Co. Ltd. (Rs.
70,878 crores) were not considered for inclusion in Nifty 50 index as the average free-float market capitalization of
 two Nifty 50 constituents with lowest average free-float market capitalization (after exclusion of two companies in
Nifty 50 listed above) was less than 1.5 times the 6-month average free-float market capitalization namely Bharat
Petroleum Corporation Ltd. (Rs. 59,958 crores) and Eicher Motors Ltd. (Rs. 60,220 crores).
3. Stocks that are available for trading in NSE’s Futures & Options segment are only eligible for inclusion in the index.

The above replacement will also be applicable to Nifty50 Equal Weight index.

b) Nifty Next 50

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Berger Paints India Ltd. BERGEPAINT
2 Bharat Electronics Ltd. BEL
3 Colgate Palmolive (India) Ltd. COLPAL
4 Marico Ltd. MARICO
5 SBI Cards and Payment Services Ltd. SBICARD
6 SRF Ltd. SRF
7 Trent Ltd. TRENT

Note:
1. Bharat Electronics Ltd. and Trent Ltd. have been removed from Nifty Next 50 on account of its inclusion in Nifty 50
index
2. Berger Paints India Ltd., Colgate Palmolive (India) Ltd., Marico Ltd., SBI Cards and Payment Services Ltd. and
SRF Ltd. have been removed from Nifty Next 50 pursuant to its exclusion from Nifty 100 index (a parent index for
Nifty Next 50)

The following companies are being included:

Sr. No. Company Name Symbol

1 Bharat Heavy Electricals Ltd. BHEL
2 Divi's Laboratories Ltd. DIVISLAB
3 JSW Energy Ltd. JSWENERGY
4 LTIMindtree Ltd. LTIM
5 Macrotech Developers Ltd. LODHA
6 NHPC Ltd. NHPC
7 Union Bank of India UNIONBANK

Note:
1. Constituents of Nifty 50 and Nifty Next 50 indices are derived from Nifty 100 index (a parent index). All 7
constituents in the table above which are constituents of reconstituted Nifty 100 (but not part of Nifty 50) have
been included in Nifty Next 50 index.
c) Nifty 500

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Aether Industries Ltd. AETHER
2 Allcargo Logistics Ltd. ALLCARGO
3 Anupam Rasayan India Ltd. ANURAS
4 Borosil Renewables Ltd. BORORENEW
5 CSB Bank Ltd. CSBBANK
6 DCM Shriram Ltd. DCMSHRIRAM
7 EPL Ltd. EPL
8 FDC Ltd. FDC
9 Glenmark Life Sciences Ltd. GLS
10 GMM Pfaudler Ltd. GMMPFAUDLR
11 Happy Forgings Ltd. HAPPYFORGE
12 Indigo Paints Ltd. INDIGOPNTS
13 Jai Balaji Industries Ltd. JAIBALAJI
14 JK Paper Ltd. JKPAPER
15 KRBL Ltd. KRBL
16 Laxmi Organic Industries Ltd. LXCHEM
17 Mahindra Holidays & Resorts India Ltd. MHRIL
18 Medplus Health Services Ltd. MEDPLUS
19 MTAR Technologies Ltd. MTARTECH
20 Prince Pipes and Fittings Ltd. PRINCEPIPE
21 Restaurant Brands Asia Ltd. RBA
22 Safari Industries (India) Ltd. SAFARI
23 Sterlite Technologies Ltd. STLTECH
24 Sunteck Realty Ltd. SUNTECK
25 Tamilnad Mercantile Bank Ltd. TMB
26 Vaibhav Global Ltd. VAIBHAVGBL
27 Vodafone Idea Ltd. IDEA

The following companies are being included:

Sr. No. Company Name Symbol

1 Aadhar Housing Finance Ltd. AADHARHFC
2 Aditya Birla Sun Life AMC Ltd. ABSLAMC
 Sr. No. Company Name Symbol
3 Anant Raj Ltd. ANANTRAJ
4 BASF India Ltd. BASF
5 Bharti Hexacom Ltd. BHARTIHEXA
6 G R Infraprojects Ltd. GRINFRA
7 GE T&D India Ltd. GET&D
8 Go Digit General Insurance Ltd. GODIGIT
9 Godrej Agrovet Ltd. GODREJAGRO
10 IFCI Ltd. IFCI
11 Indegene Ltd. INDGN
12 Indian Renewable Energy Development Agency Ltd. IREDA
13 INOX India Ltd. INOXINDIA
14 Jaiprakash Power Ventures Ltd. JPPOWER
15 JK Tyre & Industries Ltd. JKTYRE
16 Jyoti CNC Automation Ltd. JYOTICNC
17 Kirloskar Brothers Ltd. KIRLOSBROS
18 Kirloskar Oil Eng Ltd. KIRLOSENG
19 Netweb Technologies India Ltd. NETWEB
20 Newgen Software Technologies Ltd. NEWGEN
21 Pfizer Ltd. PFIZER
22 PTC Industries Ltd. PTCIL
23 Shipping Corporation of India Ltd. SCI
24 TBO Tek Ltd. TBOTEK
25 Techno Electric & Engineering Company Ltd. TECHNOE
26 Valor Estate Ltd. DBREALTY
27 Vinati Organics Ltd. VINATIORGA

The above replacements will also be applicable to Nifty500 Equal Weight, Nifty500 Multicap
50:25:25 and Nifty500 LargeMidSmall Equal-Cap Weighted indices.

d) Nifty 100

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Berger Paints India Ltd. BERGEPAINT
2 Colgate Palmolive (India) Ltd. COLPAL
3 Marico Ltd. MARICO
4 SBI Cards and Payment Services Ltd. SBICARD
 Sr. No. Company Name Symbol
5 SRF Ltd. SRF

The following companies are being included:

Sr. No. Company Name Symbol

1 Bharat Heavy Electricals Ltd. BHEL
2 JSW Energy Ltd. JSWENERGY
3 Macrotech Developers Ltd. LODHA
4 NHPC Ltd. NHPC
5 Union Bank of India UNIONBANK

The above replacements will also be applicable to Nifty100 Equal Weight index.

e) Nifty Midcap 150

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Atul Ltd. ATUL
2 Bata India Ltd. BATAINDIA
3 Bharat Heavy Electricals Ltd. BHEL
4 Devyani International Ltd. DEVYANI
5 Dr. Lal Path Labs Ltd. LALPATHLAB
6 ICICI Securities Ltd. ISEC
7 JSW Energy Ltd. JSWENERGY
8 Kajaria Ceramics Ltd. KAJARIACER
9 Kansai Nerolac Paints Ltd. KANSAINER
10 Laurus Labs Ltd. LAURUSLABS
11 Macrotech Developers Ltd. LODHA
12 NHPC Ltd. NHPC
13 Piramal Enterprises Ltd. PEL
14 Sumitomo Chemical India Ltd. SUMICHEM
15 The Ramco Cements Ltd. RAMCOCEM
16 Union Bank of India UNIONBANK
17 Vedant Fashions Ltd. MANYAVAR
18 Vodafone Idea Ltd. IDEA
19 Zee Entertainment Enterprises Ltd. ZEEL
The following companies are being included:

Sr. No. Company Name Symbol

1 Berger Paints India Ltd. BERGEPAINT
2 Bharti Hexacom Ltd. BHARTIHEXA
3 Central Bank of India CENTRALBK
4 Cochin Shipyard Ltd. COCHINSHIP
5 Colgate Palmolive (India) Ltd. COLPAL
6 Exide Industries Ltd. EXIDEIND
7 Global Health Ltd. MEDANTA
8 Hitachi Energy India Ltd. POWERINDIA
9 Housing & Urban Development Corporation Ltd. HUDCO
10 Indian Overseas Bank IOB
11 Indian Renewable Energy Development Agency Ltd. IREDA
12 IRB Infrastructure Developers Ltd. IRB
13 Mangalore Refinery & Petrochemicals Ltd. MRPL
14 Marico Ltd. MARICO
15 Nippon Life India Asset Management Ltd. NAM-INDIA
16 NLC India Ltd. NLCINDIA
17 SBI Cards and Payment Services Ltd. SBICARD
18 SRF Ltd. SRF
19 Tata Investment Corporation Ltd. TATAINVEST

f) Nifty Smallcap 250

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Aether Industries Ltd. AETHER
2 Allcargo Logistics Ltd. ALLCARGO
3 Anupam Rasayan India Ltd. ANURAS
4 Borosil Renewables Ltd. BORORENEW
5 Central Bank of India CENTRALBK
6 Cochin Shipyard Ltd. COCHINSHIP
7 CSB Bank Ltd. CSBBANK
8 DCM Shriram Ltd. DCMSHRIRAM
9 EPL Ltd. EPL
10 Exide Industries Ltd. EXIDEIND
 Sr. No. Company Name Symbol
11 FDC Ltd. FDC
12 Glenmark Life Sciences Ltd. GLS
13 Global Health Ltd. MEDANTA
14 GMM Pfaudler Ltd. GMMPFAUDLR
15 Happy Forgings Ltd. HAPPYFORGE
16 Hitachi Energy India Ltd. POWERINDIA
17 Housing & Urban Development Corporation Ltd. HUDCO
18 Indian Overseas Bank IOB
19 Indigo Paints Ltd. INDIGOPNTS
20 IRB Infrastructure Developers Ltd. IRB
21 Jai Balaji Industries Ltd. JAIBALAJI
22 JK Paper Ltd. JKPAPER
23 KRBL Ltd. KRBL
24 Laxmi Organic Industries Ltd. LXCHEM
25 Mahindra Holidays & Resorts India Ltd. MHRIL
26 Mangalore Refinery & Petrochemicals Ltd. MRPL
27 Medplus Health Services Ltd. MEDPLUS
28 MTAR Technologies Ltd. MTARTECH
29 Nippon Life India Asset Management Ltd. NAM-INDIA
30 NLC India Ltd. NLCINDIA
31 Prince Pipes and Fittings Ltd. PRINCEPIPE
32 Restaurant Brands Asia Ltd. RBA
33 Safari Industries (India) Ltd. SAFARI
34 Sterlite Technologies Ltd. STLTECH
35 Sunteck Realty Ltd. SUNTECK
36 Tamilnad Mercantile Bank Ltd. TMB
37 Tata Investment Corporation Ltd. TATAINVEST
38 Vaibhav Global Ltd. VAIBHAVGBL

The following companies are being included:

Sr. No. Company Name Symbol

1 Aadhar Housing Finance Ltd. AADHARHFC
2 Aditya Birla Sun Life AMC Ltd. ABSLAMC
3 Anant Raj Ltd. ANANTRAJ
4 Atul Ltd. ATUL
5 BASF India Ltd. BASF
Sr. No. Company Name Symbol
6 Bata India Ltd. BATAINDIA
7 Devyani International Ltd. DEVYANI
8 Dr. Lal Path Labs Ltd. LALPATHLAB
9 G R Infraprojects Ltd. GRINFRA
10 GE T&D India Ltd. GET&D
11 Go Digit General Insurance Ltd. GODIGIT
12 Godrej Agrovet Ltd. GODREJAGRO
13 ICICI Securities Ltd. ISEC
14 IFCI Ltd. IFCI
15 Indegene Ltd. INDGN
16 INOX India Ltd. INOXINDIA
17 Jaiprakash Power Ventures Ltd. JPPOWER
18 JK Tyre & Industries Ltd. JKTYRE
19 Jyoti CNC Automation Ltd. JYOTICNC
20 Kajaria Ceramics Ltd. KAJARIACER
21 Kansai Nerolac Paints Ltd. KANSAINER
22 Kirloskar Brothers Ltd. KIRLOSBROS
23 Kirloskar Oil Eng Ltd. KIRLOSENG
24 Laurus Labs Ltd. LAURUSLABS
25 Netweb Technologies India Ltd. NETWEB
26 Newgen Software Technologies Ltd. NEWGEN
27 Pfizer Ltd. PFIZER
28 Piramal Enterprises Ltd. PEL
29 PTC Industries Ltd. PTCIL
30 Shipping Corporation of India Ltd. SCI
31 Sumitomo Chemical India Ltd. SUMICHEM
32 TBO Tek Ltd. TBOTEK
33 Techno Electric & Engineering Company Ltd. TECHNOE
34 The Ramco Cements Ltd. RAMCOCEM
35 Valor Estate Ltd. DBREALTY
36 Vedant Fashions Ltd. MANYAVAR
37 Vinati Organics Ltd. VINATIORGA
38 Zee Entertainment Enterprises Ltd. ZEEL
g) Nifty Midcap Select

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Jubilant Foodworks Ltd. JUBLFOOD
2 Page Industries Ltd. PAGEIND
3 UPL Ltd. UPL
4 Vodafone Idea Ltd. IDEA

Note:
1. Vodafone Idea Ltd. has been excluded from the index pursuant to its exclusion from Nifty Midcap 150 index (a parent
index for Nifty Midcap Select index)
2. Jubilant Foodworks Ltd. has been excluded from the index as it did not form part of ‘reranked universe’ as defined
in the methodology document for this index
3. In order to match the total number of compulsory inclusions in the index, UPL Ltd. and Page Industries Ltd. have
been excluded based on lowest 6-month average free float market capitalization amongst remaining index
constituents

The following companies are being included:

Sr. No. Company Name Symbol

1 Colgate Palmolive (India) Ltd. COLPAL
2 Dixon Technologies (India) Ltd. DIXON
3 Indus Towers Ltd. INDUSTOWER
4 SRF Ltd. SRF

Note:
1. Indus Towers Ltd. has been compulsorily included in the index as it ranks within top 5 stocks based on 6-month
average full market capitalization within the eligible universe
2. Colgate Palmolive (India) Ltd., Dixon Technologies (India) Ltd and SRF Ltd. have been compulsorily included in
the index as they rank within top 10 based on 6-month average free float market capitalization in the ‘reranked
universe’ as defined in the methodology document for this index
3. Stocks that are available for trading in NSE’s Futures & Options segment are only eligible for inclusion in the index

h) Nifty Midcap 50

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Balkrishna Industries Ltd. BALKRISIND
2 Bandhan Bank Ltd. BANDHANBNK
 Sr. No. Company Name Symbol
3 Bharat Heavy Electricals Ltd. BHEL
4 Coforge Ltd. COFORGE
5 Dalmia Bharat Ltd. DALBHARAT
6 Escorts Kubota Ltd. ESCORTS
7 Gujarat Gas Ltd. GUJGASLTD
8 Jubilant Foodworks Ltd. JUBLFOOD
9 L&T Technology Services Ltd. LTTS
10 Mahindra & Mahindra Financial Services Ltd. M&MFIN
11 Max Financial Services Ltd. MFSL
12 Page Industries Ltd. PAGEIND
13 Tube Investments of India Ltd. TIINDIA
14 Vodafone Idea Ltd. IDEA

The following companies are being included:

Sr. No. Company Name Symbol

1 APL Apollo Tubes Ltd. APLAPOLLO
2 CG Power and Industrial Solutions Ltd. CGPOWER
3 Colgate Palmolive (India) Ltd. COLPAL
4 KPIT Technologies Ltd. KPITTECH
5 Marico Ltd. MARICO
6 Muthoot Finance Ltd. MUTHOOTFIN
7 PB Fintech Ltd. POLICYBZR
8 Phoenix Mills Ltd. PHOENIXLTD
9 SBI Cards and Payment Services Ltd. SBICARD
10 Sona BLW Precision Forgings Ltd. SONACOMS
11 SRF Ltd. SRF
12 Sundaram Finance Ltd. SUNDARMFIN
13 Supreme Industries Ltd. SUPREMEIND
14 Voltas Ltd. VOLTAS

i) Nifty Midcap 100

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Bharat Heavy Electricals Ltd. BHEL
2 Dalmia Bharat Ltd. DALBHARAT
 Sr. No. Company Name Symbol
3 Deepak Nitrite Ltd. DEEPAKNTR
4 Dr. Lal Path Labs Ltd. LALPATHLAB
5 Fortis Healthcare Ltd. FORTIS
6 Gland Pharma Ltd. GLAND
7 Gujarat Gas Ltd. GUJGASLTD
8 Ipca Laboratories Ltd. IPCALAB
9 JSW Energy Ltd. JSWENERGY
10 L&T Technology Services Ltd. LTTS
11 Laurus Labs Ltd. LAURUSLABS
12 Macrotech Developers Ltd. LODHA
13 NHPC Ltd. NHPC
14 Piramal Enterprises Ltd. PEL
15 Sun TV Network Ltd. SUNTV
16 Syngene International Ltd. SYNGENE
17 Union Bank of India UNIONBANK
18 Vodafone Idea Ltd. IDEA
19 Zee Entertainment Enterprises Ltd. ZEEL

The following companies are being included:

Sr. No. Company Name Symbol

1 Bharti Hexacom Ltd. BHARTIHEXA
2 Central Bank of India CENTRALBK
3 Cochin Shipyard Ltd. COCHINSHIP
4 Colgate Palmolive (India) Ltd. COLPAL
5 Exide Industries Ltd. EXIDEIND
6 Hindustan Zinc Ltd. HINDZINC
7 Housing & Urban Development Corporation Ltd. HUDCO
8 Indian Overseas Bank IOB
9 Indian Renewable Energy Development Agency Ltd. IREDA
10 IRB Infrastructure Developers Ltd. IRB
11 Mangalore Refinery & Petrochemicals Ltd. MRPL
12 Marico Ltd. MARICO
13 Muthoot Finance Ltd. MUTHOOTFIN
14 NLC India Ltd. NLCINDIA
15 Phoenix Mills Ltd. PHOENIXLTD
16 SBI Cards and Payment Services Ltd. SBICARD
 Sr. No. Company Name Symbol
17 Solar Industries India Ltd. SOLARINDS
18 SRF Ltd. SRF
19 Sundaram Finance Ltd. SUNDARMFIN

j) Nifty Smallcap 50

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Aavas Financiers Ltd. AAVAS
2 City Union Bank Ltd. CUB
3 CreditAccess Grameen Ltd. CREDITACC
4 Equitas Small Finance Bank Ltd. EQUITASBNK
5 Exide Industries Ltd. EXIDEIND
6 Five-Star Business Finance Ltd. FIVESTAR
7 Happiest Minds Technologies Ltd. HAPPSTMNDS
8 Nippon Life India Asset Management Ltd. NAM-INDIA
9 Radico Khaitan Ltd RADICO
10 Raymond Ltd. RAYMOND
11 Tanla Platforms Ltd. TANLA

The following companies are being included:

Sr. No. Company Name Symbol

1 360 ONE WAM Ltd. 360ONE
2 Atul Ltd. ATUL
3 Brigade Enterprises Ltd. BRIGADE
4 Hindustan Copper Ltd. HINDCOPPER
5 Kalpataru Projects International Ltd. KPIL
6 Laurus Labs Ltd. LAURUSLABS
7 NBCC (India) Ltd. NBCC
8 Piramal Enterprises Ltd. PEL
9 Redington Ltd. REDINGTON
10 The Ramco Cements Ltd. RAMCOCEM
11 Zee Entertainment Enterprises Ltd. ZEEL
k) Nifty Smallcap 100

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Alok Industries Ltd. ALOKINDS
2 Can Fin Homes Ltd. CANFINHOME
3 Ceat Ltd. CEATLTD
4 Central Bank of India CENTRALBK
5 CIE Automotive India Ltd. CIEINDIA
6 City Union Bank Ltd. CUB
7 Cochin Shipyard Ltd. COCHINSHIP
8 Equitas Small Finance Bank Ltd. EQUITASBNK
9 Exide Industries Ltd. EXIDEIND
10 Global Health Ltd. MEDANTA
11 Gujarat Narmada Valley Fertilizers & Chemicals Ltd. GNFC
12 Himadri Speciality Chemical Ltd. HSCL
13 Honasa Consumer Ltd. HONASA
14 Housing & Urban Development Corporation Ltd. HUDCO
15 Indian Overseas Bank IOB
16 IRB Infrastructure Developers Ltd. IRB
17 J.B. Chemicals & Pharmaceuticals Ltd. JBCHEPHARM
18 Mangalore Refinery & Petrochemicals Ltd. MRPL
19 Nippon Life India Asset Management Ltd. NAM-INDIA
20 NLC India Ltd. NLCINDIA
21 Praj Industries Ltd. PRAJIND
22 R R Kabel Ltd. RRKABEL
23 Shree Renuka Sugars Ltd. RENUKA
24 Tata Investment Corporation Ltd. TATAINVEST
25 Ujjivan Small Finance Bank Ltd. UJJIVANSFB

The following companies are being included:

Sr. No. Company Name Symbol

1 360 ONE WAM Ltd. 360ONE
2 Aadhar Housing Finance Ltd. AADHARHFC
3 Action Construction Equipment Ltd. ACE
4 Aegis Logistics Ltd. AEGISLOG
 Sr. No. Company Name Symbol
5 Aster DM Healthcare Ltd. ASTERDM
6 Atul Ltd. ATUL
7 Bata India Ltd. BATAINDIA
8 BEML Ltd. BEML
9 Brigade Enterprises Ltd. BRIGADE
10 Chennai Petroleum Corporation Ltd. CHENNPETRO
11 Dr. Lal Path Labs Ltd. LALPATHLAB
12 Garden Reach Shipbuilders & Engineers Ltd. GRSE
13 Go Digit General Insurance Ltd. GODIGIT
14 HBL Power Systems Ltd. HBLPOWER
15 IFCI Ltd. IFCI
16 Inox Wind Ltd. INOXWIND
17 Jupiter Wagons Ltd. JWL
18 Kalpataru Projects International Ltd. KPIL
19 Kaynes Technology India Ltd. KAYNES
20 Laurus Labs Ltd. LAURUSLABS
21 Piramal Enterprises Ltd. PEL
22 Signatureglobal (India) Ltd. SIGNATURE
23 Sterling and Wilson Renewable Energy Ltd. SWSOLAR
24 The Ramco Cements Ltd. RAMCOCEM
25 Zee Entertainment Enterprises Ltd. ZEEL

l) Nifty 200

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Berger Paints India Ltd. BERGEPAINT
2 Dalmia Bharat Ltd. DALBHARAT
3 Deepak Nitrite Ltd. DEEPAKNTR
4 Dr. Lal Path Labs Ltd. LALPATHLAB
5 Fortis Healthcare Ltd. FORTIS
6 Gland Pharma Ltd. GLAND
7 Gujarat Gas Ltd. GUJGASLTD
8 Ipca Laboratories Ltd. IPCALAB
9 L&T Technology Services Ltd. LTTS
10 Laurus Labs Ltd. LAURUSLABS
 Sr. No. Company Name Symbol
11 Piramal Enterprises Ltd. PEL
12 Sun TV Network Ltd. SUNTV
13 Syngene International Ltd. SYNGENE
14 Vodafone Idea Ltd. IDEA
15 Zee Entertainment Enterprises Ltd. ZEEL

The following companies are being included:

Sr. No. Company Name Symbol

1 Bharti Hexacom Ltd. BHARTIHEXA
2 Central Bank of India CENTRALBK
3 Cochin Shipyard Ltd. COCHINSHIP
4 Exide Industries Ltd. EXIDEIND
5 Hindustan Zinc Ltd. HINDZINC
6 Housing & Urban Development Corporation Ltd. HUDCO
7 Indian Overseas Bank IOB
8 Indian Renewable Energy Development Agency Ltd. IREDA
9 IRB Infrastructure Developers Ltd. IRB
10 Mangalore Refinery & Petrochemicals Ltd. MRPL
11 Muthoot Finance Ltd. MUTHOOTFIN
12 NLC India Ltd. NLCINDIA
13 Phoenix Mills Ltd. PHOENIXLTD
14 Solar Industries India Ltd. SOLARINDS
15 Sundaram Finance Ltd. SUNDARMFIN

m) Nifty LargeMidcap 250

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Atul Ltd. ATUL
2 Bata India Ltd. BATAINDIA
3 Devyani International Ltd. DEVYANI
4 Dr. Lal Path Labs Ltd. LALPATHLAB
5 ICICI Securities Ltd. ISEC
6 Kajaria Ceramics Ltd. KAJARIACER
7 Kansai Nerolac Paints Ltd. KANSAINER
8 Laurus Labs Ltd. LAURUSLABS
 Sr. No. Company Name Symbol
9 Piramal Enterprises Ltd. PEL
10 Sumitomo Chemical India Ltd. SUMICHEM
11 The Ramco Cements Ltd. RAMCOCEM
12 Vedant Fashions Ltd. MANYAVAR
13 Vodafone Idea Ltd. IDEA
14 Zee Entertainment Enterprises Ltd. ZEEL

The following companies are being included:

Sr. No. Company Name Symbol

1 Bharti Hexacom Ltd. BHARTIHEXA
2 Central Bank of India CENTRALBK
3 Cochin Shipyard Ltd. COCHINSHIP
4 Exide Industries Ltd. EXIDEIND
5 Global Health Ltd. MEDANTA
6 Hitachi Energy India Ltd. POWERINDIA
7 Housing & Urban Development Corporation Ltd. HUDCO
8 Indian Overseas Bank IOB
9 Indian Renewable Energy Development Agency Ltd. IREDA
10 IRB Infrastructure Developers Ltd. IRB
11 Mangalore Refinery & Petrochemicals Ltd. MRPL
12 Nippon Life India Asset Management Ltd. NAM-INDIA
13 NLC India Ltd. NLCINDIA
14 Tata Investment Corporation Ltd. TATAINVEST

n) Nifty MidSmallcap 400

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Aether Industries Ltd. AETHER
2 Allcargo Logistics Ltd. ALLCARGO
3 Anupam Rasayan India Ltd. ANURAS
4 Bharat Heavy Electricals Ltd. BHEL
5 Borosil Renewables Ltd. BORORENEW
6 CSB Bank Ltd. CSBBANK
7 DCM Shriram Ltd. DCMSHRIRAM
8 EPL Ltd. EPL
 Sr. No. Company Name Symbol
9 FDC Ltd. FDC
10 Glenmark Life Sciences Ltd. GLS
11 GMM Pfaudler Ltd. GMMPFAUDLR
12 Happy Forgings Ltd. HAPPYFORGE
13 Indigo Paints Ltd. INDIGOPNTS
14 Jai Balaji Industries Ltd. JAIBALAJI
15 JK Paper Ltd. JKPAPER
16 JSW Energy Ltd. JSWENERGY
17 KRBL Ltd. KRBL
18 Laxmi Organic Industries Ltd. LXCHEM
19 Macrotech Developers Ltd. LODHA
20 Mahindra Holidays & Resorts India Ltd. MHRIL
21 Medplus Health Services Ltd. MEDPLUS
22 MTAR Technologies Ltd. MTARTECH
23 NHPC Ltd. NHPC
24 Prince Pipes and Fittings Ltd. PRINCEPIPE
25 Restaurant Brands Asia Ltd. RBA
26 Safari Industries (India) Ltd. SAFARI
27 Sterlite Technologies Ltd. STLTECH
28 Sunteck Realty Ltd. SUNTECK
29 Tamilnad Mercantile Bank Ltd. TMB
30 Union Bank of India UNIONBANK
31 Vaibhav Global Ltd. VAIBHAVGBL
32 Vodafone Idea Ltd. IDEA

The following companies are being included:

Sr. No. Company Name Symbol

1 Aadhar Housing Finance Ltd. AADHARHFC
2 Aditya Birla Sun Life AMC Ltd. ABSLAMC
3 Anant Raj Ltd. ANANTRAJ
4 BASF India Ltd. BASF
5 Berger Paints India Ltd. BERGEPAINT
6 Bharti Hexacom Ltd. BHARTIHEXA
7 Colgate Palmolive (India) Ltd. COLPAL
8 G R Infraprojects Ltd. GRINFRA
9 GE T&D India Ltd. GET&D
 Sr. No. Company Name Symbol
10 Go Digit General Insurance Ltd. GODIGIT
11 Godrej Agrovet Ltd. GODREJAGRO
12 IFCI Ltd. IFCI
13 Indegene Ltd. INDGN
14 Indian Renewable Energy Development Agency Ltd. IREDA
15 INOX India Ltd. INOXINDIA
16 Jaiprakash Power Ventures Ltd. JPPOWER
17 JK Tyre & Industries Ltd. JKTYRE
18 Jyoti CNC Automation Ltd. JYOTICNC
19 Kirloskar Brothers Ltd. KIRLOSBROS
20 Kirloskar Oil Eng Ltd. KIRLOSENG
21 Marico Ltd. MARICO
22 Netweb Technologies India Ltd. NETWEB
23 Newgen Software Technologies Ltd. NEWGEN
24 Pfizer Ltd. PFIZER
25 PTC Industries Ltd. PTCIL
26 SBI Cards and Payment Services Ltd. SBICARD
27 Shipping Corporation of India Ltd. SCI
28 SRF Ltd. SRF
29 TBO Tek Ltd. TBOTEK
30 Techno Electric & Engineering Company Ltd. TECHNOE
31 Valor Estate Ltd. DBREALTY
32 Vinati Organics Ltd. VINATIORGA

o) Nifty Microcap 250

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Accelya Solutions India Ltd. ACCELYA
2 Anant Raj Ltd. ANANTRAJ
3 Barbeque Nation Hospitality Ltd. BARBEQUE
4 BASF India Ltd. BASF
5 Camlin Fine Sciences Ltd. CAMLINFINE
6 CARE Ratings Ltd. CARERATING
7 D.B.Corp Ltd. DBCORP
8 Dalmia Bharat Sugar and Industries Ltd. DALMIASUG
Sr. No. Company Name Symbol
9 Fedbank Financial Services Ltd. FEDFINA
10 Flair Writing Industries Ltd. FLAIR
11 G R Infraprojects Ltd. GRINFRA
12 Galaxy Surfactants Ltd. GALAXYSURF
13 Globus Spirits Ltd. GLOBUSSPR
14 Godrej Agrovet Ltd. GODREJAGRO
15 Gufic Biosciences Ltd. GUFICBIO
16 HLE Glascoat Ltd. HLEGLAS
17 HMA Agro Industries Ltd. HMAAGRO
18 IFCI Ltd. IFCI
19 IKIO Lighting Ltd. IKIO
20 Indoco Remedies Ltd. INDOCO
21 INOX India Ltd. INOXINDIA
22 IOL Chem and Pharma Ltd. IOLCP
23 Jaiprakash Associates Ltd. JPASSOCIAT
24 Jaiprakash Power Ventures Ltd. JPPOWER
25 JK Tyre & Industries Ltd. JKTYRE
26 JSW Holdings Ltd. JSWHL
27 Jyoti CNC Automation Ltd. JYOTICNC
28 Kirloskar Brothers Ltd. KIRLOSBROS
29 Kirloskar Oil Eng Ltd. KIRLOSENG
30 KPI Green Energy Ltd. KPIGREEN
31 Krsnaa Diagnostics Ltd. KRSNAA
32 La Opala RG Ltd. LAOPALA
33 LG Balakrishnan & Bros Ltd. LGBBROSLTD
34 MAS Financial Services Ltd. MASFIN
35 Navneet Education Ltd. NAVNETEDUL
36 Netweb Technologies India Ltd. NETWEB
37 Newgen Software Technologies Ltd. NEWGEN
38 Nucleus Software Exports Ltd. NUCLEUS
39 PDS Ltd. PDSL
40 PSP Projects Ltd. PSPPROJECT
41 RattanIndia Power Ltd. RTNPOWER
42 Reliance Power Ltd. RPOWER
43 Sagar Cements Ltd. SAGCEM
44 Shipping Corporation of India Ltd. SCI
 Sr. No. Company Name Symbol
45 Shoppers Stop Ltd. SHOPERSTOP
46 Sundaram Clayton Ltd. SUNCLAY
47 Tarsons Products Ltd. TARSONS
48 Techno Electric & Engineering Company Ltd. TECHNOE
49 TTK Prestige Ltd. TTKPRESTIG
50 TVS Holdings Ltd. TVSHLTD
51 UFLEX Ltd. UFLEX
52 Uniparts India Ltd. UNIPARTS
53 V.S.T Tillers Tractors Ltd. VSTTILLERS
54 Valor Estate Ltd. DBREALTY
55 VRL Logistics Ltd. VRLLOG

The following companies are being included:

Sr. No. Company Name Symbol

1 Aether Industries Ltd. AETHER
2 Allcargo Logistics Ltd. ALLCARGO
3 Anupam Rasayan India Ltd. ANURAS
4 Apeejay Surrendra Park Hotels Ltd. PARKHOTELS
5 Bajaj Electricals Ltd BAJAJELEC
6 Bharat Bijlee Ltd. BBL
7 Borosil Ltd. BOROLTD
8 Borosil Renewables Ltd. BORORENEW
9 CSB Bank Ltd. CSBBANK
10 Dynamatic Technologies Ltd. DYNAMATECH
11 Entero Healthcare Solutions Ltd. ENTERO
12 EPL Ltd. EPL
13 Exicom Tele-Systems Ltd. EXICOM
14 FDC Ltd. FDC
15 Force Motors Ltd. FORCEMOT
16 Glenmark Life Sciences Ltd. GLS
17 GMM Pfaudler Ltd. GMMPFAUDLR
18 Gopal Snacks Ltd. GOPAL
19 Happy Forgings Ltd. HAPPYFORGE
20 Harsha Engineers International Ltd. HARSHA
21 Healthcare Global Enterprises Ltd. HCG
22 Hindustan Foods Ltd. HNDFDS
Sr. No. Company Name Symbol
23 Imagicaaworld Entertainment Ltd. IMAGICAA
24 Indigo Paints Ltd. INDIGOPNTS
25 Inox Green Energy Services Ltd. INOXGREEN
26 Jai Balaji Industries Ltd. JAIBALAJI
27 Jana Small Finance Bank Ltd. JSFB
28 JK Paper Ltd. JKPAPER
29 JNK India Ltd. JNKINDIA
30 Kirloskar Pneumatic Company Ltd. KIRLPNU
31 KRBL Ltd. KRBL
32 Laxmi Organic Industries Ltd. LXCHEM
33 Le Travenues Technology Ltd. IXIGO
34 Mahindra Holidays & Resorts India Ltd. MHRIL
35 Medplus Health Services Ltd. MEDPLUS
36 MTAR Technologies Ltd. MTARTECH
37 NEOGEN CHEMICALS LTD. NEOGEN
38 Orchid Pharma Ltd. ORCHPHARMA
39 Prince Pipes and Fittings Ltd. PRINCEPIPE
40 Procter & Gamble Health Ltd. PGHL
41 Prudent Corporate Advisory Services Ltd. PRUDENT
42 Restaurant Brands Asia Ltd. RBA
43 Rolex Rings Ltd. ROLEXRINGS
44 Safari Industries (India) Ltd. SAFARI
45 Shriram Pistons & Rings Ltd. SHRIPISTON
46 Sterlite Technologies Ltd. STLTECH
47 Subros Ltd. SUBROS
48 Sunteck Realty Ltd. SUNTECK
49 Symphony Ltd. SYMPHONY
50 TCI Express Ltd. TCIEXP
51 Technocraft Industries (India) Ltd. TIIL
52 Vaibhav Global Ltd. VAIBHAVGBL
53 Venus Pipes & Tubes Ltd. VENUSPIPES
54 Vesuvius India Ltd. VESUVIUS
55 VST Industries Ltd. VSTIND
p) Nifty Total Market

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Accelya Solutions India Ltd. ACCELYA
2 Barbeque Nation Hospitality Ltd. BARBEQUE
3 Camlin Fine Sciences Ltd. CAMLINFINE
4 CARE Ratings Ltd. CARERATING
5 D.B.Corp Ltd. DBCORP
6 Dalmia Bharat Sugar and Industries Ltd. DALMIASUG
7 DCM Shriram Ltd. DCMSHRIRAM
8 Fedbank Financial Services Ltd. FEDFINA
9 Flair Writing Industries Ltd. FLAIR
10 Galaxy Surfactants Ltd. GALAXYSURF
11 Globus Spirits Ltd. GLOBUSSPR
12 Gufic Biosciences Ltd. GUFICBIO
13 HLE Glascoat Ltd. HLEGLAS
14 HMA Agro Industries Ltd. HMAAGRO
15 IKIO Lighting Ltd. IKIO
16 Indoco Remedies Ltd. INDOCO
17 IOL Chem and Pharma Ltd. IOLCP
18 Jaiprakash Associates Ltd. JPASSOCIAT
19 JSW Holdings Ltd. JSWHL
20 KPI Green Energy Ltd. KPIGREEN
21 Krsnaa Diagnostics Ltd. KRSNAA
22 La Opala RG Ltd. LAOPALA
23 LG Balakrishnan & Bros Ltd. LGBBROSLTD
24 MAS Financial Services Ltd. MASFIN
25 Navneet Education Ltd. NAVNETEDUL
26 Nucleus Software Exports Ltd. NUCLEUS
27 PDS Ltd. PDSL
28 PSP Projects Ltd. PSPPROJECT
29 RattanIndia Power Ltd. RTNPOWER
30 Reliance Power Ltd. RPOWER
31 Sagar Cements Ltd. SAGCEM
32 Shoppers Stop Ltd. SHOPERSTOP
 Sr. No. Company Name Symbol
33 Sundaram Clayton Ltd. SUNCLAY
34 Tamilnad Mercantile Bank Ltd. TMB
35 Tarsons Products Ltd. TARSONS
36 TTK Prestige Ltd. TTKPRESTIG
37 TVS Holdings Ltd. TVSHLTD
38 UFLEX Ltd. UFLEX
39 Uniparts India Ltd. UNIPARTS
40 V.S.T Tillers Tractors Ltd. VSTTILLERS
41 Vodafone Idea Ltd. IDEA
42 VRL Logistics Ltd. VRLLOG

The following companies are being included:

Sr. No. Company Name Symbol

1 Aadhar Housing Finance Ltd. AADHARHFC
2 Aditya Birla Sun Life AMC Ltd. ABSLAMC
3 Apeejay Surrendra Park Hotels Ltd. PARKHOTELS
4 Bajaj Electricals Ltd BAJAJELEC
5 Bharat Bijlee Ltd. BBL
6 Bharti Hexacom Ltd. BHARTIHEXA
7 Borosil Ltd. BOROLTD
8 Dynamatic Technologies Ltd. DYNAMATECH
9 Entero Healthcare Solutions Ltd. ENTERO
10 Exicom Tele-Systems Ltd. EXICOM
11 Force Motors Ltd. FORCEMOT
12 GE T&D India Ltd. GET&D
13 Go Digit General Insurance Ltd. GODIGIT
14 Gopal Snacks Ltd. GOPAL
15 Harsha Engineers International Ltd. HARSHA
16 Healthcare Global Enterprises Ltd. HCG
17 Hindustan Foods Ltd. HNDFDS
18 Imagicaaworld Entertainment Ltd. IMAGICAA
19 Indegene Ltd. INDGN
20 Indian Renewable Energy Development Agency Ltd. IREDA
21 Inox Green Energy Services Ltd. INOXGREEN
22 Jana Small Finance Bank Ltd. JSFB
23 JNK India Ltd. JNKINDIA
 Sr. No. Company Name Symbol
24 Kirloskar Pneumatic Company Ltd. KIRLPNU
25 Le Travenues Technology Ltd. IXIGO
26 NEOGEN CHEMICALS LTD. NEOGEN
27 Orchid Pharma Ltd. ORCHPHARMA
28 Pfizer Ltd. PFIZER
29 Procter & Gamble Health Ltd. PGHL
30 Prudent Corporate Advisory Services Ltd. PRUDENT
31 PTC Industries Ltd. PTCIL
32 Rolex Rings Ltd. ROLEXRINGS
33 Shriram Pistons & Rings Ltd. SHRIPISTON
34 Subros Ltd. SUBROS
35 Symphony Ltd. SYMPHONY
36 TBO Tek Ltd. TBOTEK
37 TCI Express Ltd. TCIEXP
38 Technocraft Industries (India) Ltd. TIIL
39 Venus Pipes & Tubes Ltd. VENUSPIPES
40 Vesuvius India Ltd. VESUVIUS
41 Vinati Organics Ltd. VINATIORGA
42 VST Industries Ltd. VSTIND

2) Replacements on account of semi-annual review of sectoral indices:

a) Nifty Bank

The following company is being excluded:

Sr. No. Company Name Symbol

1 Bandhan Bank Ltd. BANDHANBNK

The following company is being included:

Sr. No. Company Name Symbol

1 Canara Bank CANBK

Note:
1. Canara Bank (average free-float market capitalization Rs. 38,973 crores) has been included in Nifty Bank index as
the 6-month average free-float market capitalization of company within the eligible universe is at least 1.5 times the
6-month average free-float market capitalization of the smallest constituent i.e. Bandhan Bank Ltd. (average free-
float market capitalization Rs. 15,945 crores).
2. Next eligible company for inclusion in Nifty Bank index namely RBL Bank Ltd. (Rs. 14,950 crores) was not considered
for inclusion as the average free-float market capitalization of company was lower than the constituent with lowest
average free-float market capitalization (after exclusion of one company in Nifty Bank listed above) namely AU Small
Finance Bank Ltd. (Rs. 33,059).
3. Stocks that are available for trading in NSE’s Futures & Options segment are only eligible for inclusion in the index.

b) Nifty Financial Services Ex-Bank

The following company is being excluded:

Sr. No. Company Name Symbol

1 One 97 Communications Ltd. PAYTM

The following company is being included:

Sr. No. Company Name Symbol

1 Indian Railway Finance Corporation Ltd. IRFC

c) Nifty Pharma

The following company is being excluded:

Sr. No. Company Name Symbol

1 Sanofi India Ltd. SANOFI

The following company is being included:

Sr. No. Company Name Symbol

1 Ajanta Pharmaceuticals Ltd. AJANTPHARM

d) Nifty Realty

The following company is being excluded:

Sr. No. Company Name Symbol

1 Sunteck Realty Ltd. SUNTECK

The following company is being included:

Sr. No. Company Name Symbol

1 Raymond Ltd. RAYMOND
e) Nifty MidSmall Financial Services

The following companies are being excluded:

Sr. No. Company Name Symbol

1 IIFL Finance Ltd. IIFL
2 Union Bank of India UNIONBANK

The following companies are being included:

Sr. No. Company Name Symbol

1 Indian Bank INDIANB
2 SBI Cards and Payment Services Ltd. SBICARD

f) Nifty MidSmall IT & Telecom

The following company is being excluded:

Sr. No. Company Name Symbol

1 Vodafone Idea Ltd. IDEA

The following company is being included:

Sr. No. Company Name Symbol

1 Zensar Technolgies Ltd. ZENSARTECH

No changes are being made in Nifty Auto, Nifty Consumer Durables, Nifty Financial Services, Nifty
Financial Services 25/50, Nifty IT, Nifty FMCG, Nifty Media, Nifty Healthcare, Nifty Metal, Nifty
Oil & Gas, Nifty Private Bank, Nifty PSU Bank and Nifty MidSmall Healthcare indices.

3) Replacements on account of semi-annual review of thematic indices:

a) Nifty Commodities

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Dalmia Bharat Ltd. DALBHARAT
2 Deepak Nitrite Ltd. DEEPAKNTR
 Sr. No. Company Name Symbol
3 Tata Chemicals Ltd. TATACHEM

The following companies are being included:

Sr. No. Company Name Symbol

1 JSW Energy Ltd. JSWENERGY
2 NHPC Ltd. NHPC
3 NMDC Ltd. NMDC

b) Nifty Core Housing

The following company is being excluded:

Sr. No. Company Name Symbol

1 Kansai Nerolac Paints Ltd. KANSAINER

The following company is being included:

Sr. No. Company Name Symbol

1 Whirlpool of India Ltd. WHIRLPOOL

c) Nifty Energy

The following company is being excluded:

Sr. No. Company Name Symbol

1 Adani Energy Solutions Ltd. ADANIENSOL

The following company is being included:

Sr. No. Company Name Symbol

1 Adani Power Ltd. ADANIPOWER

d) Nifty EV & New Age Automotive

The following company is being excluded:

Sr. No. Company Name Symbol

1 Minda Corporation Ltd. MINDACORP
The following company is being included:

Sr. No. Company Name Symbol

1 ZF Commercial Vehicle Control Systems India Ltd. ZFCVINDIA

e) Nifty Housing

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Berger Paints India Ltd. BERGEPAINT
2 The Ramco Cements Ltd. RAMCOCEM

The following companies are being included:

Sr. No. Company Name Symbol

1 Jindal Stainless Ltd. JSL
2 NHPC Ltd. NHPC

f) Nifty India Consumption

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Adani Energy Solutions Ltd. ADANIENSOL
2 Dabur India Ltd. DABUR
3 Marico Ltd. MARICO

The following companies are being included:

Sr. No. Company Name Symbol

1 Adani Power Ltd. ADANIPOWER
2 InterGlobe Aviation Ltd. INDIGO
3 TVS Motor Company Ltd. TVSMOTOR

g) Nifty India Defence

The following company is being included:

 Sr. No. Company Name Symbol
1 Dynamatic Technologies Ltd. DYNAMATECH

No exclusion is being made from the index.

h) Nifty India Digital

The following company is being excluded:

Sr. No. Company Name Symbol

1 Vodafone Idea Ltd. IDEA

The following company is being included:

Sr. No. Company Name Symbol

1 Tata Technologies Ltd. TATATECH

i) Nifty India Manufacturing

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Bata India Ltd. BATAINDIA
2 Grindwell Norton Ltd. GRINDWELL
3 Kajaria Ceramics Ltd. KAJARIACER
4 Navin Fluorine International Ltd. NAVINFLUOR
5 Sundram Fasteners Ltd. SUNDRMFAST

The following companies are being included:

Sr. No. Company Name Symbol

1 Bharat Heavy Electricals Ltd. BHEL
2 Cochin Shipyard Ltd. COCHINSHIP
3 Gujarat Fluorochemicals Ltd. FLUOROCHEM
4 Hindustan Copper Ltd. HINDCOPPER
5 Lloyds Metals And Energy Ltd. LLOYDSME
6 Metro Brands Ltd. METROBRAND
7 Timken India Ltd. TIMKEN
j) Nifty India Tourism

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Mahindra Holidays & Resorts India Ltd. MHRIL
2 Restaurant Brands Asia Ltd. RBA
3 Safari Industries (India) Ltd. SAFARI

The following company is being included:

Sr. No. Company Name Symbol

1 TBO Tek Ltd. TBOTEK

k) Nifty Infrastructure

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Balkrishna Industries Ltd. BALKRISIND
2 Petronet LNG Ltd. PETRONET

The following companies are being included:

Sr. No. Company Name Symbol

1 Indus Towers Ltd. INDUSTOWER
2 Samvardhana Motherson International Ltd. MOTHERSON

l) Nifty MidSmall India Consumption

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Bata India Ltd. BATAINDIA
2 Dr. Lal Path Labs Ltd. LALPATHLAB
3 Indiamart Intermesh Ltd. INDIAMART
4 Macrotech Developers Ltd. LODHA

The following companies are being included:

 Sr. No. Company Name Symbol
1 Berger Paints India Ltd. BERGEPAINT
2 Blue Star Ltd. BLUESTARCO
3 Colgate Palmolive (India) Ltd. COLPAL
4 Marico Ltd. MARICO

m) Nifty MNC

The following company is being excluded:

Sr. No. Company Name Symbol

1 Mphasis Ltd. MPHASIS

The following company is being included:

Sr. No. Company Name Symbol

1 Castrol India Ltd. CASTROLIND

n) Nifty Mobility

The following company is being excluded:

Sr. No. Company Name Symbol

1 Sundram Fasteners Ltd. SUNDRMFAST

The following company is being included:

Sr. No. Company Name Symbol

1 GMR Airports Infrastructure Ltd. GMRINFRA

o) Nifty PSE

The following company is being excluded:

Sr. No. Company Name Symbol

1 Life Insurance Corporation of India LICI

The following company is being included:

Sr. No. Company Name Symbol

1 Indian Railway Finance Corporation Ltd. IRFC
p) Nifty Rural

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Adani Wilmar Ltd. AWL
2 Central Bank of India CENTRALBK
3 Fertilisers and Chemicals Travancore Ltd. FACT
4 Kansai Nerolac Paints Ltd. KANSAINER
5 Metro Brands Ltd. METROBRAND
6 Vodafone Idea Ltd. IDEA

The following companies are being included:

Sr. No. Company Name Symbol

1 Blue Star Ltd. BLUESTARCO
2 Crompton Greaves Consumer Electricals Ltd. CROMPTON
3 Elgi Equipments Ltd. ELGIEQUIP
4 Emami Ltd. EMAMILTD
5 J.K. Cement Ltd. JKCEMENT
6 Poonawalla Fincorp Ltd. POONAWALLA

q) Nifty500 Multicap India Manufacturing 50:30:20

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Bharat Heavy Electricals Ltd. BHEL
2 Divi's Laboratories Ltd. DIVISLAB
3 KEC International Ltd. KEC
4 Poly Medicure Ltd. POLYMED
5 Raymond Ltd. RAYMOND
6 Sanofi India Ltd. SANOFI

The following companies are being included:

Sr. No. Company Name Symbol

1 Atul Ltd. ATUL
2 Bata India Ltd. BATAINDIA
 Sr. No. Company Name Symbol
3 Hindustan Aeronautics Ltd. HAL
4 Kajaria Ceramics Ltd. KAJARIACER
5 SRF Ltd. SRF
6 Whirlpool of India Ltd. WHIRLPOOL

r) Nifty500 Multicap Infrastructure 50:30:20

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Ambuja Cements Ltd. AMBUJACEM
2 Bharat Heavy Electricals Ltd. BHEL
3 Birla Corporation Ltd. BIRLACORPN
4 Cera Sanitaryware Ltd CERA
5 Global Health Ltd. MEDANTA
6 GMM Pfaudler Ltd. GMMPFAUDLR
7 India Cements Ltd. INDIACEM
8 Jubilant Foodworks Ltd. JUBLFOOD
9 Redington Ltd. REDINGTON
10 Route Mobile Ltd. ROUTE
11 Sapphire Foods India Ltd. SAPPHIRE
12 Shree Cement Ltd. SHREECEM
13 Vardhman Textiles Ltd. VTL
14 Vodafone Idea Ltd. IDEA
15 Westlife Foodworld Ltd. WESTLIFE

The following companies are being included:

Sr. No. Company Name Symbol

1 Aster DM Healthcare Ltd. ASTERDM
2 BEML Ltd. BEML
3 Bharat Forge Ltd. BHARATFORG
4 CG Power and Industrial Solutions Ltd. CGPOWER
5 DLF Ltd. DLF
6 EIH Ltd. EIHOTEL
7 GE T&D India Ltd. GET&D
8 Inox Wind Ltd. INOXWIND
9 InterGlobe Aviation Ltd. INDIGO
 Sr. No. Company Name Symbol
10 IRCON International Ltd. IRCON
11 Jaiprakash Power Ventures Ltd. JPPOWER
12 Kirloskar Oil Eng Ltd. KIRLOSENG
13 NBCC (India) Ltd. NBCC
14 Ramkrishna Forgings Ltd. RKFORGE
15 Suzlon Energy Ltd. SUZLON

s) Nifty100 Liquid 15

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Axis Bank Ltd. AXISBANK
2 Titan Company Ltd. TITAN

The following companies are being included:

Sr. No. Company Name Symbol

1 Kotak Mahindra Bank Ltd. KOTAKBANK
2 Power Grid Corporation of India Ltd. POWERGRID

t) Nifty Midcap Liquid 15

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Bandhan Bank Ltd. BANDHANBNK
2 Coforge Ltd. COFORGE
3 Jubilant Foodworks Ltd. JUBLFOOD
4 Page Industries Ltd. PAGEIND

The following companies are being included:

Sr. No. Company Name Symbol

1 Bharat Forge Ltd. BHARATFORG
2 Cummins India Ltd. CUMMINSIND
3 Indian Hotels Co. Ltd. INDHOTEL
4 Indus Towers Ltd. INDUSTOWER
u) Nifty Shariah 25

The following company is being excluded:

Sr. No. Company Name Symbol

1 Marico Ltd. MARICO

The following company is being included:

Sr. No. Company Name Symbol

1 Apollo Hospitals Enterprise Ltd. APOLLOHOSP

No changes are being made in Nifty Services Sector, Nifty Transportation & Logistics, Nifty Non-
Cyclical Consumer and Nifty India Corporate Group Index - Tata Group 25% Cap indices.

4) Replacement on account of semi-annual review of strategy indices:

a) Nifty Top 10 Equal Weight

The following company is being excluded:

Sr. No. Company Name Symbol

1 Hindustan Unilever Ltd. HINDUNILVR

The following company is being included:

Sr. No. Company Name Symbol

1 Bharti Airtel Ltd. BHARTIARTL

b) Nifty Growth Sectors 15

The following companies are being excluded:

Sr. No. Company Name Symbol

1 Britannia Industries Ltd. BRITANNIA
2 Eicher Motors Ltd. EICHERMOT
3 Hero MotoCorp Ltd. HEROMOTOCO

The following companies are being included:

 Sr. No. Company Name Symbol
1 Mahindra & Mahindra Ltd. M&M
2 Nestle India Ltd. NESTLEIND
3 Tata Motors Ltd. TATAMOTORS

5) Replacements on account of quarterly review of thematic indices:

a) Nifty India Corporate Group Index - Aditya Birla Group

The following companies are being included:

Sr. No. Company Name Symbol

1 Century Enka Ltd. CENTENKA
2 Century Textile & Industries Ltd. CENTURYTEX
3 Pilani Investment and Industries Corporation Ltd. PILANIINVS

No exclusion is being made from the index.

b) Nifty India Corporate Group Index - Mahindra Group

The following company is being excluded:

Sr. No. Company Name Symbol

1 CIE Automotive India Ltd. CIEINDIA

No inclusion is being made in the index.

c) Nifty India Corporate Group Index - Tata Group

The following companies are being included:

Sr. No. Company Name Symbol

1 Taj GVK Hotels & Resorts Ltd. TAJGVK
2 Tejas Networks Ltd. TEJASNET

No exclusion is being made from the index.

d) Nifty SME Emerge

The following company is being excluded:

 Sr. No. Company Name Symbol
1 Dhanuka Realty Ltd. DRL

The following companies are being included:

Sr. No. Company Name Symbol

1 ABS Marine Services Ltd. ABSMARINE
2 Aimtron Electronics Ltd. AIMTRON
3 Akiko Global Services Ltd. AKIKO
4 Ambey Laboratories Ltd. AMBEY
5 Beacon Trusteeship Ltd. BEACON
6 Diensten Tech Ltd. DTL
7 Divine Power Energy Ltd. DPEL
8 DRS Dilip Roadlines Ltd. DRSDILIP
9 Durlax Top Surface Ltd. DURLAX
10 Effwa Infra & Research Ltd. EFFWA
11 Falcon Technoprojects India Ltd. FALCONTECH
12 Ganesh Green Bharat Ltd. GGBL
13 Goldkart Jewels Ltd. GOLDKART
14 GP Eco Solutions India Ltd. GPECO
15 GSM Foils Ltd. GSMFOILS
16 Hoac Foods India Ltd. HOACFOODS
17 Indian Emulsifiers Ltd. IEML
18 Mandeep Auto Industries Ltd. MANDEEP
19 Mason Infratech Ltd. MASON
20 Medicamen Organics Ltd. MEDIORG
21 Nephro Care India Ltd. NEPHROCARE
22 Owais Metal and Mineral Processing Ltd. OWAIS
23 Petro Carbon and Chemicals Ltd. PCCL
24 Quest Laboratories Ltd. QUESTLAB
25 Rulka Electricals Ltd. RULKA
26 Shivalic Power Control Ltd. SPCL
27 Sylvan Plyboard (India) Ltd. SYLVANPLY
28 TBI Corn Ltd. TBI
29 Veritaas Advertising Ltd. VERITAAS
30 Vilas Transcore Ltd. VILAS
31 Visaman Global Sales Ltd. VISAMAN
32 Winny Immigration & Education Services Ltd. WINNY
 Sr. No. Company Name Symbol
33 Z-Tech (India) Ltd. ZTECH

For detailed criteria, kindly refer the methodology document.

B. Revision in criteria:

The Index Maintenance Sub-Committee (Equity) of NSE Indices Limited has further decided to
revise the index methodology of the Nifty Private Bank index to make the index compliant with the
norms of group capping limit as prescribed by SEBI in their circular named - ‘Ease of doing business
- Streamlining of prudential norm for passive schemes regarding exposure to securities of group
companies of the sponsor of Mutual Funds’ dated July 08, 2024. The change in the index criteria is
as mentioned hereunder:

Sr. No. Description Existing Revised

1 Stock weight No single stock shall be more No single stock shall be more
capping than 33% and weights of top 3 than 23% and weights of top 3
stocks cumulatively shall not be stocks cumulatively shall not be
more than 62% at the time of more than 62% at the time of
rebalancing. rebalancing.

About NSE Indices Limited:

NSE Indices Limited (formerly known as India Index Services & Products Ltd. - IISL), a subsidiary
of NSE, provides a variety of indices and index related services for the capital markets. The company
focuses on the index as a core product. The company owns and manages a portfolio of indices under
the Nifty brand of NSE, including the flagship index, the Nifty 50. Nifty equity indices comprise of
broad-based benchmark indices, sectoral indices, strategy indices, thematic indices and customised
indices. NSE Indices Limited also maintains fixed income indices based on Government of India
securities, corporate bonds, money market instruments and hybrid indices. Many investment products
based on Nifty indices have been developed within India and abroad. These include index based
derivatives traded on NSE and NSE International Exchange IFSC Limited (NSE IX) and a number of
index funds and exchange traded funds. The flagship 'Nifty 50' index is widely tracked and traded as
the benchmark for Indian Capital Markets.

For more information, please visit: www.niftyindices.com

Press contact:
Email ID: cc@nse.co.in