NSE reshuffles: IDFC to replace Bank of India
Avalokita Pandey / 17 Feb 2017
The index maintenance sub-committee (IMSC) has decided that to exclude Bank of India stock and include IDFC Bank Ltd. in the Nifty Bank index. The changes in the index shall become effective from March 31, 2017.
The index maintenance sub-committee (IMSC) has decided that to exclude Bank of India stock and include IDFC Bank Ltd. in the Nifty Bank index. The changes in the index shall become effective from March 31, 2017.
Bank Nifty index touched high of 21,042.35 levels, up by 798.65 points or 3.94 per cent in the morning hours on Friday. The index slipped by about 350 points from its day's high, trading at 20,689.25 levels, up by 445.55 points or 2.2 per cent.
Bank of India is trading at Rs 125.20 per share, down by Rs 0.25 per share or 0.2 per cent. The stock witnessed addition in its open interest by 1.9 per cent. Whereas, IDFC Bank Limited is trading at Rs 62.65 per share, up by Rs 0.80 per share or 1.29 per cent. Its stock witnessed addition in its open interest by 1.07 per cent.
A short built-up position was seen in Bank of India stock and a long built-up position in IDFC Bank Limited on Friday.
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