IOC, IBHFL to replace Idea, BHEL in NSE Nifty50 from March 31

IDFC Bank will replace Bank of India in the Nifty Bank index

Power equipment manufacturer Bharat Heavy Electricals (BHEL) and telecom operator Idea Cellular have been excluded from the Nifty 50 index. Replacing these two firms are housing mortgage company Indiabulls Housing Finance and oil marketing company Indian Oil Corporation.

Apollo Hospitals Enterprises, Bharat Forge and Castrol India, from the Nifty 100 index, are in turn being replaced by ICICI Prudential Life Insurance, Petronet LNG, and Rural Electrification. The last three along with Bhel and Idea Cellular will be included in the Nifty Next 50, an index which represents 50 companies from Nifty 100 after excluding the Nifty 50 companies.

The changes will come