Business Standard

Indiabulls Housing Finance shares drop 8 pc on Nifty replacement


Press Trust of India New Delhi
Shares of Indiabulls Housing Finance on Thursday dropped 8 per cent as Nestle India will replace the company in the benchmark Nifty 50 index from September 27.
The scrip tanked 7.97 per cent to Rs 420.80 on the NSE.
Shares of Nestle India, however, rose 2.97 per cent to Rs 12,890.
Nestle India will replace Indiabulls Housing Finance in the benchmark Nifty 50 index from September 27, the National Stock Exchange (NSE) said on Wednesday.
"The replacement will also be applicable to Nifty 50 Equal Weight Index," the bourse said in a release.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 29 2019 | 12:05 PM IST

Explore News