NSE stock index to add Indian Oil, drop Idea Cellular

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Reuters MUMBAI
Last Updated : Feb 16 2017 | 7:23 PM IST

MUMBAI (Reuters) - India's main stock index at the National Stock Exchange (NSE) will add state-run refiner Indian Oil Corp and lender Indiabulls Housing Finance as new constituents from March 31, the exchange said on Thursday.

Telecoms company Idea Cellular and state-run Bharat Heavy Electricals will be dropped from the 50-share index, the exchange said.

Indiabulls Housing Finance shares have risen by almost 28 percent from the beginning of the year, while Indian Oil has gained nearly 16 percent.

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(Reporting by Promit Mukherjee; Editing by David Goodman)

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First Published: Feb 16 2017 | 7:08 PM IST

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