Nifty rejig announcement: Divi's Lab hits all-time high, SBI Life gains 4%

For the quarter ended June 2020, Divi's Lab reported a net profit of Rs 492.06 crore on account of robust sales.

Shares of Divi's Laboratories and SBI Life Insurance rallied on Friday, a day after the NSE Indices, a subsidiary of the National Stock Exchange (NSE) announced that both the stocks will enter the benchmark index Nifty50 from September 25, 2020. 

The stock of Divi's Laboratories hit an all-time high of Rs 3,331 in the early trade, up nearly 4.5 per cent against Thursday's close of Rs 3,189.30 with the market capitalisation (m-cap) nearing Rs 90,000 crore.

At 09:41 AM, Divi's Laboratories was trading over 4 per cent higher at Rs 3,327.45 on the NSE. Meanwhile, SBI Life Insurance was quoting 3.5 per