Wipro, Siemens Out Of Nifty From Monday

IndusInd Bank, NMDC to replace them; NSE also makes changes to 15 others, including mid- and small-caps

Information Technology major Wipro and capital goods company Siemens will be replaced in the National Stock Exchange’s Nifty index from Monday.

The NSE had announced the changes in an exchange circular dated February 13, 2013.

IndusInd Bank and NMDC will take their place.

The NSE has also made changes to fifteen other indices including ones tracking the mid and small cap companies, the auto sector as well as the service sectors.

 The CNX Nifty Junior Index and the CNX 100 Index each have four changes.

The CNX 200 Index has 11 changes.

The CNX 500 index and the Smallcap index has 15 each, the CNX Midcap index has 13.

The CNX Auto Index has replaced TVS Motor Company with Amara Raja Batteries.

NMDC has replaced the National Aluminium Company Ltd. in the CNX commodities index while Bata India Ltd. has replaced Shree Renuka Sugars in the CNX Consumption Index.

Wipro is also excluded from the CNX IT Index and the CNX Service Index. Its place in the two indices have been taken by Infotech Enterprises and Tech Mahindra respectively.

Changes have also been made to the CNX Realty Index, the CNX PSE Index, the CNX MNC Index and the CNX Metal Index.

All changes are effective from Monday.