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IndusInd Bank, NMDC gain on Nifty inclusion

Last Updated: Thursday, February 14, 2013 - 13:44

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.

PTI

First Published: Thursday, February 14, 2013 - 13:44
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