Changes in Nifty Alpha 50 Index: Stocks Included and Excluded

Introduction

The NSE Indices Limited has announced a major reshuffling in its various indices, including the Nifty Alpha 50, as part of its quarterly review. These changes will take effect at the close of trading on September 27, 2024, and will be effective from September 30, 2024. This article breaks down the details of the revisions and what investors can expect.

Key Changes in the Nifty Alpha 50

The Nifty Alpha 50, which tracks stocks demonstrating high alpha returns over time, will undergo several modifications. A total of 12 stocks will be excluded and replaced by 12 new entries.

Stocks Excluded from Nifty Alpha 50

The following stocks are set to be excluded from the Nifty Alpha 50:

1. Adani Green Energy Ltd. (ADANIGREEN)
2. Angel One Ltd. (ANGELONE)
3. Birlasoft Ltd. (BSOFT)
4. Canara Bank (CANBK)
5. General Insurance Corporation of India (GICRE)
6. Indian Bank (INDIANB)
7. Jaiprakash Power Ventures Ltd. (JPPOWER)
8. NCC Ltd. (NCC)
9. Punjab National Bank (PNB)
10. Supreme Industries Ltd. (SUPREMEIND)
11. Titagarh Rail Systems Ltd. (TITAGARH)
12. Union Bank of India (UNIONBANK)

These stocks, which have been mainstays in the index, will no longer be part of the index from the effective date.

Stocks Included in Nifty Alpha 50

The following stocks will be added to the Nifty Alpha 50:

1. Amara Raja Energy & Mobility Ltd. (ARE&M)
2. Central Depository Services (India) Ltd. (CDSL)
3. Century Textile & Industries Ltd. (CENTURYTEX)
4. Cochin Shipyard Ltd. (COCHINSHIP)
5. Colgate Palmolive (India) Ltd. (COLPAL)
6. Hindustan Petroleum Corporation Ltd. (HINDPETRO)
7. Hitachi Energy India Ltd. (POWERINDIA)
8. Indus Towers Ltd. (INDUSTOWER)
9. Inox Wind Ltd. (INOXWIND)
10. Oil India Ltd. (OIL)
11. Phoenix Mills Ltd. (PHOENIXLTD)
12. Solar Industries India Ltd. (SOLARINDS)

These inclusions reflect an updated strategy for the Nifty Alpha 50, focusing on high alpha-generating stocks across various sectors.

Key Details

• Effective Date: The changes will take effect at the close of trading on September 27, 2024, and will be effective from September 30, 2024.
• Implications for Investors: These changes are part of NSE’s quarterly review to ensure the indices remain relevant and continue to reflect the high-alpha potential of Indian stocks.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.