Suzlon to replace Grasim in Nifty index

The National Stock Exchange (NSE) today announced changes in various indices including, Grasim Industries' replacement with Suzlon Energy in the Nifty index from March 25.

"From S&P CNX Nifty, Suzlon Energy would be excluded while Grasim Industries would get included in the same," according to a statement issued by India Index Services & Products, a joint venture of NSE and Crisil.

It has decided to make the changes in indices during its periodic review. All the changes will be effective from March 25, 2011.

IndusInd Bank, Titan Industries and Zee Entertainment Enterprises will be included in CNX Nifty Junior Index as well as CNX 100 Index.

However, Corporation Bank, Grasim Industries, Mangalore Refinery & Petrochemicals (MRPL) will not be a part of CNX Nifty Junior Index. Further, Corporation Bank, MRPL and Suzlon Energy will not be inducted in CNX 100 Index.

Besides, Asian Paints, Crompton Greaves, HMT, Rashtriya Chemicals & Fertilizers and Shriram Transport Finance will replace ABB, Oil India, Opto Circuits, Power Finance Corporation and Suzlon Energy in the CNX Midcap Index.