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Club Nifty set to get many new faces in Aug rejig

The stocks that are likely to be excluded have been underperformers in recent months.

ET Bureau |Updated: June 30, 2020, 07.06AM IST
Mumbai: The semi-annual review of the components of the Nifty by exchanges could lead to inclusion of more financials, say analysts. Edelweiss said two of the country’s largest life insurance firms, HDFC Life Insurance and SBI Life Insurance, could make their way into the main index in the upcoming reshuffle. Divi’s Laboratories and consumer major Dabur India are the others
likely to be excluded have been underperformers in recent months. Vedanta’s promoters have opted for delisting the stock from domestic bourses after it fell over 40 per cent from its yearly high. Zee Entertainment has lost over 50 per cent of its market capitalisation in the last one year after promoters sold shares in the company to repay their debt.

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