MUMBAI 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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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read