Shares of six public sector undertakings (PSUs) were in action after the NSE announced changes in the Nifty CPSE (Central Public Sector Enterprises) index on Friday, 17 January 2020.
Earlier, stocks having more than 51.5% government holding under promoter category were eligible for inclusion in the index. As per the revised norms, stocks having more than 51% government holding under promoter category would be eligible for inclusion in the index.
Accordingly, Power Finance Corporation (down 6.68%) and Indian Oil Corporation (down 3.63%) were excluded from the Nifty CPSE Index.
While NHPC (up 10.54%), NMDC (up 5.01%), Power Grid Corporation of India (up 3.65%) and Cochin Shipyard (up 3.58%) were included in the index.
The total number of constituents forming part of NIFTY CPSE index will change from 10 to 12. These changes shall become effective from 24 January 2020 (close of 23 January 2020), the exchange said in a press release.
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