iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Shriram Finance Set to Replace UPL in Nifty50 Index Starting March 28th

26 Mar 2024 , 03:17 PM

Shriram Finance Ltd will replace UPL Ltd in the benchmark Nifty50 index from March 28, the National Stock Exchange announced on Wednesday.

UPL has been removed from Nifty50 due to its expulsion from the Nifty 100 index.

Shriram Finance has been added to the Nifty50 index as a substitute for UPL Ltd due to its greatest 6-month average free-float market capitalization within the qualifying universe, according to the exchange.

Adani Power, Indian Railway Finance Corporation, Jio Financial Services, Power Finance Corporation, and REC Ltd are among the Nifty Next 50 companies, whereas Adani Wilmar, Muthoot Finance, PI Industries, Procter & Gamble Hygiene & Health Care, and Shriram Finance are excluded.

Even the Nifty 500 has seen significant changes, with Honasa Consumer, Jio Financial, Jammu & Kashmir Bank, AstraZeneca Pharma, Chennai Petroleum Corporation, JSW Infrastructure, Jupiter Waggons, Nuvama Wealth, and Railtel Corporation among the 34 firms added to the index.

Meanwhile, 34 stocks, including Brightcom Group, Delta Corp, Rossari Biotech, Go Fashion, Infibeam Avenues, Nazara Technologies, Rallis India, Pfizer, Orient Electric, and Shoppers Stop, would be banned from the Nifty 500 index.

Nifty100, Nifty Midcap 150, Nifty Smallcap 250, and Nifty Midcap Select are the other indexes that have seen significant changes. Vodafone Idea earned its inclusion in the Nifty Midcap Select index by ranking among the top five stocks in the eligible universe, determined by the 6-month average overall market capitalization.

Lupin, PI Industries, and UPL have been included to the Midcap Select index because companies rank in the top ten based on 6-month average free float market capitalization in the reranked universe, as determined by the methodology.

Meanwhile, Abbott India, Bandhan Bank, Balkrishna Industries, and Power Finance Corporation will be removed from the Midcap Select Index.

For feedback and suggestions, write to us at editorial@iifl.com


Related Tags

  • Shriram Finance
  • Shriram Finance news
  • Shriram Finance Nifty50
  • Shriram Finance Stock
  • Shriram Finance Updates
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.


Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp