Shares of Adani Ports moved up by over 3 per cent after the company replaced state-run iron ore miner NMDC Ltd on the National Stock Exchange’s benchmark index Nifty from today.
The stock gained 3.36 per cent to Rs 312 on NSE. On the BSE, it climbed 3 per cent to Rs 310.90.
NMDC shares, on the other hand, fell by 1.31 per cent to Rs 93.50 on the NSE.
The changes were decided by the index maintenance sub-committee as part of its periodic review, India Index Services & Products (IISL) had said last month.
“These changes shall become effective from September 28, 2015 (close of September 24, 2015),” it had said.
In the broader market, the BSE benchmark Sensex was down 76.50 points or 0.30 per cent in the afternoon trade.