Zee Entertainment to be part of Nifty 50; stock rallies

MUMBAI: Zee Entertainment is soon going to replace United Spirits in Nifty 50. The stock, which is part of Nifty Junior, will be added to Nifty basket with effect from September 19, 2014.

According to India Index Services & Products press release, there will be changes in other NSE indices as well.

Aurobindo Pharma and Motherson Sumi Systems will be included in CNX Nifty 100 and will replace MphasiS and Zee Entertainment in CNX Nifty Junior.

United Sprits will be excluded from all the indices it has been listed on.

There have been changes in CNX Nifty 200 as well. Companies such as CARE, Castrol India, Muthoot Finance, Edelweiss Financial Services, Kaveri Seeds, Marico among others will replace likes of Adani Power, CRISIL, Bhushan Steel, Vijaya Bank etc.

At 09:40 a.m.; Zee Entertainment was at 296.10, up 2.76 per cent, on the NSE. It touched a high of Rs 300 and a low of Rs 294 in trade today.