The National Stock Exchange has announced the replacement of 42 stocks in Nifty Next 50, Nifty 500, Nifty 100, Nifty 200, Midcap 150, Midcap 100, Smallcap 50, Smallcap 100 and Smallcap 250 on February 17.

The changes will also be seen in sectoral indices of Nifty Healthcare, Metal, Realty and MidSmall Financial Services. In contrast, under thematic sectors, indices such as Nifty Commodities, Energy, Housing, India Consumer, India Digital, India Manufacturing, MNC, PSE, Mobility and India Defense will also see share replacements.

“As part of its semi-annual review, the Index Maintenance Subcommittee (Shares) of the NSE Indices has decided to replace stocks in various indices,” the National Stock Exchange said in its notification.

These changes will take effect on March 31, 2023.

ABB India, Adani Wilmar, Canara Bank, Page Industries and Varun Beverages will replace Bandhan Bank, Biocon, Gland Pharma, MphasiS and One 97 Communications (Paytm) in the Nifty Next 50 index as well as the Nifty 100.

Bandhan Bank, Biocon and MphasiS, and NMDC will now be included in the Nifty Midcap 50, while ABB India, Canara Bank, Page Industries and Torrent Power will be removed from the same index.

In the Nifty Financial Services Ex-Bank Index, Piramal Enterprises will replace Manappuram Finance, while Max Healthcare Institute will replace Gland Pharma in Nifty Healthcare.

NMDC will be included, while MOIL will be excluded from the Nifty Metal index. Mahindra Lifespace Developers will replace Sunteck Realty as part of the Nifty Realty Index from March 31.

DCX Systems will be included in the India Defence Index, while Tata Coffee will be excluded from the Nifty Tata Group Index due to the proposed spin-off arrangement.

The Index Maintenance Subcommittee also announced changes to the Nifty Growth Sectors 15, SME Emerge, Dividend Opportunities 50, Midcap Liquid 15, Shariah 25, Non-Cyclical Consumer and MidSmall India Consumption indices.