Nifty Next 50 Index Review: Hyundai, Swiggy, BPCL, 4 other stocks to replace 7 scrips including IRCTC, Zomato

Nifty Next 50 Rebalancing Exercise, Next 50 Index Semi-Annual Review: Stock exchange NSE on Friday announced a number of changes in its indices including the Nifty 50 and the Nifty Next 50. With effect from the opening on March 28 (or the closing the previous day), seven stocks will enter the Nifty Next 50, replacing seven others.

Nifty Next 50 Semi-Annual Reshuffle | Inclusions & Exclusions | What is being added to and what is being removed from the index?

According to NSE, the following seven changes will be implemented in the Nifty Next 50 with the opening bell on March 28:

What is an index rejig or index reshuffle? Does it impact the market prices of securities?

Also known as index rebalancing, an index reshuffle is a periodic review of a stock market index's components.

This rebalancing process involves the inclusion and/or exclusion of scrips from the index to ensure it continues to be in alignment with its underlying methodology.

Typically, the inclusion of a stock in an index leads to inflows for the stock owing to larger visibility and exposure to institutional players such as banks and mutual funds. On the other hand, the exclusion of a stock from an index may lead to a fall in its price owing to decreased demand.

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