IndusInd Bank, NMDC gain on Nifty inclusion
Mumbai: Shares of IndusInd Bank and NMDC on Thursday gained up to over 3 percent as both the companies would be included in the National Stock Exchange's benchmark index Nifty from April 1.
IndusInd Bank shares moved up by 1.87 percent to Rs 448.90 -- its record high on the BSE, while at NSE, it rose by 2 percent to an all-time high of Rs 449.70.
Shares of state-run NMDC were up 3 percent to Rs 148.95 at the BSE. On the NSE, the stock climbed 3.2 percent to Rs 151.50.
India Index Services & Products Ltd, an NSE-Crisil joint venture that maintains Nifty index, had on Wednesday said Wipro and Siemens would be excluded from the 50-share benchmark index with effect from April 1, 2013.
In their place, private sector lender IndusInd Bank and state-run NMDC would be included in the Nifty index.