In the Nifty Next 50 index, the committee excluded five stocks. These are Abbott India, Alkem Lab, MRF, Petronet LNG and United Breweries.
The above-mentioned 5 stocks will be replaced by Bank of Baroda, Cholamandalam Investment and Finance Company, Jindal Steel & Power (JSPL), PI Industries and Steel Authority of India (SAIL).
At around 2.56 pm, Bank of Baroda was trading higher by 3.1%, while Chola Fin surged 5.5%, JSPL jumped 2.7%, PI Industries zoomed 2% and SAIL advanced over 3.2%.
The changes will come into effect from September 30, 2021.