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State-run Coal India will replace Anil Ambani Group firm Reliance Capital in the National Stock Exchange's Nifty index from October 10.
Earlier this month, Coal India had replaced another Anil Ambani Group firm RInfra from BSE's blue chip index Sensex.
Shares of Coal India have been doing well since the company was listed in November last year and has become the third-most-valued firm after Reliance Industries and ONGC.
Apart from S&P CNX Nifty Index, there would be changes in CNX Nifty Junior Index, CNX 100 Index, S&P CNX 500 Index, CNX Midcap Index and sectoral indices among others.
The changes were announced on Thursday by India Index Services & Products Ltd (IISL), a joint venture between National Stock Exchange and Crisil for managing Nifty.
Also, four other companies Bosch Ltd, Dabur India, Idea Cellular and Reliance Capital would be making their entry into CNX Nifty Junior Index from October 10.
Entities that would move out of this index include Coal India Ltd, Patni Computer Systems, Punj Lloyd and Syndicate Bank.
The decision to revise constituents of various NSE indices was taken by the Index Committee of the Exchange during its periodic review.
Meanwhile, BSE also announced launch of futures and options trading in Coal India with effect from August 26.
BSE said in a circular that it has received approval from market regulator SEBI for introduction of F&O contracts on Coal India.
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