 "markets, stocks, sensex, nifty, bse, nse")
Bajaj Finance and UPL could replace ACC and Tata Power in the benchmark Nifty50 index following the change in guidelines for the computation of the index.
Earlier this week, India Index Services & Products (IISL) made key changes to the guidelines governing composition and maintenance of indices.
The index provider said companies with free-float market capitalisation (m-cap) of 1.5 times (as against the earlier requirement of two times), the free-float m-cap of the smallest constituent can be included in the respective index.
Domestic brokerage Edelweiss, in a note, said this could result in Bajaj Finance and UPL being part of the Nifty index.
