Divis Laboratories and SBI Life Insurance will replace Bharti Infratel and Zee Entertainment Enterprises in benchmark Nifty 50 index from 25 September 2020.
Shares of Divis Laboratories were trading 1.9% higher at Rs 3,250.15 while SBI Life was up 4.02% at Rs 887.15 on NSE. Bharti Infratel was up 0.18% to Rs 199.6 while Zee Entertainment gained 1.25% to Rs 201.95 on NSE.Meanwhile, NSE's Index Maintenance Sub-Committee also announced that Divis Lab (up 1.9%), NHPC (up 0.64%), Page Industries (up 0.88%), SBI Life Insurance (up 4.02%) and Shriram Transport Finance (up 1.08%) will be excluded from Nifty Next 50 index.
These five stocks will be replaced by Adani Green (up 1.57%), Alkem Laboratories (down 0.04%), Bharti Infratel (up 0.18%), L&T Infotech (up 0.37%) and Tata Consumer Products (up 0.74%) in Nifty Next 50 index.
The announcement was made by NSE on its website after market hours yesterday, 20 August 2020.
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