Nifty Indices Restructuring - 2023

As a component of its biannual assessment, NSE indices are set to modify the members of several broader market and sectoral indices. The Index Maintenance Sub-Committee (Equity) at NSE Indices Limited has chosen to implement the subsequent alterations across various Nifty equity indices, with these adjustments taking effect on September 29, 2023.

Although the Nifty 50 index remains unchanged, the under indices have undergone changes.

1. Nifty Next 50

Excluded from the index:

Sr. No. Company Name Symbol
1 ACC ACC
2 FSN E-Commerce (Nykaa) NYKAA
3 HDFC AMC HDFCAMC
4 Indus Towers INDUSTOWER
5 Page Industries PAGEIND

Included in the index:

Sr. No. Company Name Symbol
1 Punjab National Bank PNB
2 Shriram Finance SHRIRAMFIN
3 Trent TRENT
4 TVS Motors TVSMOTOR
5 Zydus Lifesciences ZYDUSLIFE

2. Nifty 100

Excluded from the index:

Sr. No. Company Name Symbol
1 ACC ACC
2 FSN E-Commerce (Nykaa) NYKAA
3 HDFC AMC HDFCAMC
4 Indus Towers INDUSTOWER
5 Page Industries (Jockey) PAGEIND

Included in the index:

Sr. No. Company Name Symbol
1 Punjab National Bank PNB
2 Shriram Finance SHRIRAMFIN
3 Trent TRENT
4 TVS Motors TVSMOTOR
5 Zydus Lifesciences ZYDUSLIFE
6 Tata Motors DVR TATAMTRDVR

For the detailed list, please find the press release from NSE here.

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Update: Asia Index Private Limited has released the reconstitution results for the indices listed below. These changes will take effect at the opening of the market on Monday, September 18, 2023:

INDEX NAME Number of Additions Number of Removals
S&P BSE AllCap 77 73
S&P BSE LargeCap 9 1
S&P BSE LargeMidCap 9 2
S&P BSE MidCap 9 10
S&P BSE MidSmallCap 77 81
S&P BSE SmallCap 78 81
S&P BSE MidCap Select Index 10 10
S&P BSE SmallCap Select Index 8 8
S&P BSE SME IPO 0 6

For detailed list, please check the excel file here.