Wipro, Siemens to be excluded from Nifty from April 1; shares fall
MUMBAI (Reuters) - Shares in software service exporter Wipro Ltd (WIPR.NS) ended with losses of 3.3 percent while while power equipment maker Siemens Ltd (SIEM.NS) fell 4.7 percent on Thursday after India Index Services & Products Ltd said both companies would be removed from the Nifty on April 1.
India Index Services & Products announced the exclusion in a statement on Wednesday, adding private sector lender IndusInd Bank Ltd (INBK.NS) and iron ore producer NMDC Ltd (NMDC.NS) would be included in the Nifty index in their place.
However, NMDC shares ended up 1.2 percent while IndusInd rose 0.15 percent.
(Reporting by Rafael Nam; Editing by Subhranshu Sahu)
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India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defence ministry spokesman said. Full Article