IDFC Bank to be in Nifty Midcap 50 from Nov 15; Havells to exit

Private sector lender IDFC Bank will be included in the NSE's Nifty Midcap 50 index from November 15.

Havells India, on the other hand, will move out of the index.

India Index Services & Products, which maintains Nifty indices, said in a statement that the changes would become effective from November 15, 2016.

Earlier this month, IDFC Bank was included for trading in the securities lending and borrowing segment.

Prior to that, the exchange had announced that it would launch futures and options (F&O) contracts in IDFC Bank, DCB Bank from September 30.

There are currently over 200 securities available in the F&O segment for trade.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel