Major Reshuffle in Nifty Smallcap 100: FirstCry, Reliance Power Among 22 New Entrants
The National Stock Exchange (NSE) has announced significant changes to its Nifty Smallcap 100 index as part of its semi-annual review. Twenty-two new stocks will be added to the index, while an equal number will exit, marking one of the most substantial reshuffles in recent times.
Key New Inclusions
The latest revision brings several notable companies into the smallcap index, including:
- Brainbees Solutions (FirstCry operator)
- Afcons Infrastructure
- Delhivery
- Devyani International
- Reliance Power
- Tata Chemicals
- IDBI Bank
- Poonawalla Fincorp
Notable Exclusions
Several prominent companies will exit the index, including:
- Zee Entertainment Enterprises
- NMDC Steel
- Central Bank of India
- Blue Star
- Happiest Minds Technologies
- RBL Bank
- Glenmark Pharmaceuticals
Implementation Timeline
The changes will take effect from March 28, 2025 (after market close on March 27, 2025). This four-week notice period allows market participants adequate time to adjust their portfolios accordingly.
Index Rebalancing Process
NSE Indices, a subsidiary of India's largest stock exchange, follows a structured approach for index rebalancing:
- Semi-annual evaluation periods with cut-off dates on January 31 and July 31
- Assessment based on six-month average performance metrics
- Focus on reflecting current market dynamics accurately
- Four-week advance notice period for all changes
Complete List of New Entrants
Additional companies joining the index include:
- Godfrey Phillips India
- Himadri Speciality Chemical
- International Gemmological Institute (India)
- Kfin Technologies
- Neuland Laboratories
- Newgen Software Technologies
- Nuvama Wealth Management
- PCBL Chemical
- PG Electroplast
- Sagility India
- Welspun Corp
- Zen Technologies
This comprehensive revision of the Nifty Smallcap 100 index reflects the dynamic nature of India's equity markets and the evolving landscape of small-cap companies.
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