NSE to drop RCom, Adani Power from Midcap

NSE Strategic Investment Corporation Tuesday said that it will be dropping Reliance Communications, Adani Power and Adani Enterprises from the National Stock Exchange's Nifty Midcap 50 index effective from Sep 26.

"These changes shall become effective from September 26, 2014" a statement issued by India Index Services & Products Ltd (IISL) noted .

According to the statement, Arvind Ltd, Justdial and L&T Finance Holdings will be included in the index, as per the new changes.

In the smallcap index, Adani Power, HDIL, IRB Infrastructure Developers, MTNL, Polaris Financial Technology, SKS Microfinance and TVS Motor Company will be replaced by Firstsource Solutions, Jaypee Infratech, Kaveri Seed Company, McLeod Russel India, Monsanto India, Tata Elxsi and UCO Bank.