MUMBAI, Aug 13: Shares of Adani Ports surged 4.5 per cent today as the company will replace state-run iron ore miner National Mineral Development Corporation (NMDC) on the National Stock Exchange’s benchmark index Nifty from September 28.
Adani Ports’ scrip gained 4.53 per cent to Rs 336.80 at the NSE.
Shares of NMDC however fell 4 per cent to Rs 95.80 — its 52-week low.
The changes were decided by the index maintenance sub-committee as part of its periodic review, India Index Services & Products (IISL) said in a statement yesterday.
“These changes shall become effective from September 28, 2015 (close of September 24, 2015),” it added.
At the same time, Adani Ports and Special Economic Zone, Reliance Power and Union Bank of India would exit the CNX Nifty Junior index and would be replaced by Marico, NMDC and Sundaram Finance.
Shares of Reliance Power fell 6.52 per cent to Rs 40.80 in the NSE. (PTI)
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