Shares of Idea
Cellular and BHEL
fell by up to six per cent on Friday as these companies
will move out of National Stock Exchange's (NSE's) Nifty 50
index from March 31.
Reacting to the exclusion, the scrip of Idea
tumbled 5.74 per cent to Rs 101.65, while that of BHEL
went lower by 2.47 per cent to Rs 149.55 on NSE.
Indiabulls Housing surged six per cent to Rs 882.50 and IOC 2.81 per cent to Rs 386.55.
The changes, as announced by Indian Index Services and Product, an arm of NSE, will be effective March 31, 2017.
Apart from Nifty 50, the exchange has made changes to several indices, including Nifty 500, Nifty 100, Nifty Midcap 50, Nifty Smallcap 250 and Nifty Next 50.