Jio Financial Services removed from NSE Indices
Mumbai: Jio Financial Services (JFS) will be excluded from the NSE Indices including the Nifty 50 from September 7, the National Stock Exchange said in a press release.
"In accordance with the index methodology, as JIOFIN has not hit the price band on two consecutive trading days on September 4, 2023, and September 5, 2023, at NSE, the Index Maintenance Sub-Committee (Equity) has decided to exclude JIOFIN from various indices effective from September 7, 2023 (close of September 6, 2023)," the press release stated on September 5.
If Jio Financial Services hits the price band on September 6, the exclusion shall not be delayed further, it added.
Apart from the Nifty 50, JFS it will be removed from the Nifty 100, Nifty 200, Nifty 500, Nifty Energy, Nifty India Manufacturing and 13 other indices.
Jio Financial Services has been removed from BSE indices, but MSCI and FTSE still include the stock in their indices.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
18 Bangladeshi immigrants escape from Narsingarh detention camp
Belonia Women PS refused to register gang rape case, suggests victim to lodge complaint before Gram Panchayat
Crackdown on high decibel fire cracker launched by district administration, TSPCB
Odia Samaj Tripura bring free healthcare to Durgabari tea estate community
