RIIL, NDTV, 45 other stocks excluded from BSE Mid-cap index
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[January 07, 2009]

RIIL, NDTV, 45 other stocks excluded from BSE Mid-cap index

Mumbai, Jan 06, 2009 (Asia Pulse Data Source via COMTEX) --
The Bombay Stock Exchange today excluded 47 stocks from the BSE Mid-cap index including Mukesh Ambani group's Reliance Industrial Infrastructure (RIIL), NDTV and Raymond, which have been included in the BSE small-cap index.

The exchange has decided to make replacements in BSE Mid-Cap and BSE Small-Cap index with effect from January 12, as part of its periodic review, BSE said in a release.

As per the shuffling by the exchange, RIIL, Ansal Properties & Infrastructure, Indiabulls Securities, IL&FS Investsmart, NDTV, NIIT Ltd, Network 18 Media & Investments, Provogue (India), Raymond and Shopper's Stop along with others would be excluded from the Mid-Cap index and included into the BSE Small-Cap index Meanwhile, 22 stocks have been included in the BSE Mid- Cap index which include -- Tata Chemicals, Aban Offshore, Bajaj Finserv, Bharat Forge, Cadila Healthcare, Financial Technologies(India), Godrej Industries, Indian Hotels, Pantaloon (Retail) and Videocon Industries.



Besides, Carborundum Universal, Paramount Communications, ETC Networks, Maharashtra Scooters among others have also been excluded from the Small-Cap Index.

The BSE Mid and small-cap index was made to track the performance of companies with relatively smaller market-cap.

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