IndiGo, Max Healthcare set to enter Nifty 50 in index rejig. Check full list

NSE Indices on Friday announced a reshuffle of its benchmark indices as part of its semi-annual review. Budget carrier IndiGo and Max Healthcare Institute will be included in the Nifty index, replacing Hero MotoCorp and IndusInd Bank. The changes will take effect from September 30.

IndiGo had an average free-float market capitalisation of Rs 1.13 lakh crore while Max Healthcare's stood at Rs 84,555 crore, making them eligible for elevation. Meanwhile, Hero MotoCorp’s average free-float market cap was Rs 52,336 crore and IndusInd Bank’s Rs 55,270 crore.

Apart from the benchmark, the Nifty 100, Nifty Next 50, Nifty 500, Nifty Midcap and Smallcap indices have also seen additions and exits.

Changes in Nifty 100, Nifty Next 50 and other indices

The Nifty 100 will see Dabur India, ICICI Prudential Life Insurance, Hero MotoCorp, IndusInd Bank and Swiggy exiting, making way for Hindustan Zinc, Max Healthcare, Mazagon Dock Shipbuilders, Siemens Energy India and Solar Industries.

The Nifty Next 50 will add Hindustan Zinc, Mazagon Dock, Siemens Energy and Solar Industries.

The broader Nifty 500 index will see as many as 18 stocks exit including GNFC, JSW Holdings, Justdial, Mastek and Westlife Foodworld.

Fresh entrants include Aditya Birla Lifestyle Brands, Aegis Vopak Terminals, Ather Energy, Hexaware Technologies, ITC Hotels and Siemens Energy.

In the midcap basket, Max Healthcare, Hindustan Zinc, Mazagon Dock, Solar Industries and Bandhan Bank are among the stocks making way for Dabur, Hero MotoCorp, IndusInd Bank, ICICI Prudential Life and several others.

While Hero and IndusInd exit the Nifty50, they re-enter the midcap-focused indices including Nifty Midcap 150, Midcap 50 and Midcap 100.

Among sectoral indices, auto will see MRF and Balkrishna Industries replaced by Sona BLW Precision Forgings and Uno Minda.

Nifty Financial Services dropped HDFC AMC in favour of BSE The Nifty Pharma index will induct Piramal Pharma and Wockhardt, while Realty added Signatureglobal.

Thematic indices have also been realigned. Dixon Technologies joined Nifty India Consumption, Bharat Forge came into India Defence. Hyundai Motor India and Swiggy, meanwhile, entered Nifty Mobility.

No changes were made in Nifty Bank, Nifty IT, FMCG, Oil & Gas, Metals, Private Bank, and PSU Bank indices.

NSE said the review ensures that the indices remain relevant benchmarks for market participants and accurately reflect changes in the investible universe.