Reuters logo
Wipro, Siemens to be excluded from Nifty from April 1; shares fall
February 14, 2013 / 4:02 AM / 5 years ago

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.

People walk in the Wipro campus in Bangalore June 23, 2009. REUTERS/Punit Paranjpe/Files

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below