Idea Cellular, Yes Bank gain on inclusion in Nifty
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Shares of Idea Cellular and Yes Bank have gained up to 1% on the BSE after the National Stock Exchange included these stocks in its benchmark index Nifty. However, these two firms will replace DLF and Jindal Steel & Power in the 50-unit Nifty index which declined up to 1.5% on the BSE.
India Index Services & Products Limited (IISL), a group company of NSE, which maintains Nifty and other indices informed in a release on Friday that Yes Bank and Idea Cellular will replace DLF and JSPL with effect from March 27, 2015.
Idea Cellular is trading higher by 1.26% at Rs 153 and Yes Bank is marginally up by 0.4% at Rs 827. Meanwhile, DLF is down 1.5%at Rs 149 and Jindal Steel & Power (JSPL) has lost 1.5% to Rs 191 on the BSE.
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