HPCL shares decline 3%; Britannia up over 1% on NSE rejig

New Delhi: Shares of Hindustan Petroleum Corporation fell by nearly 3 percent on Tuesday after NSE said Britannia Industries will replace the oil marketing company in the Nifty50 index from 29 March. The company’s shares opened the day on a weak note and further declined 2.95 percent to Rs 221.40 on NSE. [caption id=“attachment_6154491” align=“alignleft” width=“300”]  NSE (National Stock Exchange) building, Mumbai.
Reuters[/caption] Shares of Britannia Industries on the other hand gained 1.20 percent to Rs 3,085. Britannia Industries will replace Hindustan Petroleum Corporation in the Nifty50 index from 29 March, the National Stock Exchange said Monday. Bajaj Holdings and Investment, Divi’s Laboratories, HDFC Asset Management Company, Hindustan Petroleum Corporation, Page Industries and United Breweries will be included in the Nifty Next 50 index, the NSE said in a release. Besides, similar changes are made in Nifty500, Nifty 100, Nifty Midcap 150, Nifty Smallcap 250, Nifty Midcap 50 and Nifty Midcap 100, Nifty 200, Nifty Financial Services among others, the release added.