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Yes Bank to be dropped from Nifty 50 index

Feb 19, 2020 11:47 IST

Shree Cement will replace private lender Yes Bank in the benchmark index Nifty 50 from March 27, the National Stock Exchange (NSE), said later on Tuesday. Following the news, stocks of Shree Cements rose 3.43%, while Yes Bank fell over 4% on Wednesday. Further, Vodafone Idea, Ashok Leyland, Indiabulls Housing Finance, L&T Finance Holdings and Shree Cement will be dropped from Nifty Next 50. Adani Transmission, IDBI Bank, Info Edge India, Larsen & Toubro Infotech and Torrent Pharmaceuticals would be added in Nifty Next 50 index.