Rel Power to replace Dr Reddy’s in Nifty index

MUMBAI: Anil Ambani group-firm Reliance Power will be included in NSE’s 50-share benchmark index Nifty with effect from September 10.

Reliance Power, which listed on bourses early this year, will replace pharma major Dr Reddy’s Laboratories in the index, an exchange circular said. Dr Reddy‘s commanded a weightage of 0.46% on the Nifty index.

In other changes, Adani Group firm Mundra Port and SEZ would be included in the CNX Nifty Junior index, while Aurobindo Pharma would be excluded from the index. Reliance Power and Mundra Port & SEZ would be also be included in the CNX 100 index.