The National Stock Exchange NSE has announced some changes in Nifty Midcap 50 Index constituents. There have been 5 changes,which are effective from 26 June 2009.
The outgoing stocks are Bombay Dyeing, Mahindra Life, Peninsula Land, Kesoram Ind, TVS Motors. These stocks are replaced by Idbi bank, JSW steel, United Phosphorous, Cummins India, Educomp soultions.
The newly included midcap stocks have seen some momentum last week and have corrected since then. If the market stabilizes, some more action can be expected in these stocks.
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