Apollo Hospital shares rise 8.35% on inclusion to Nifty 50 index

Published On: Friday, February 25, 2022 | By: Team KnowMyStock

Shares of Apollo Hospitals Enterprises rallied 8.35 percent to Rs 4,747 on the National Stock Exchange (NSE) in Friday's intra-day trade after the exchange announced the inclusion of the company in its benchmark Nifty50 index which will replace Indian Oil Corporation Ltd. with effect from March 31, 2022. Apollo Hospitals will become the first-ever healthcare services company to become part of the benchmark index and will replace Indian Oil Corporation. This replacement will also be applicable to NIFTY50 Equal Weight Index. The Nifty 50 is reconstituted twice every year in March and September. Edelweiss Securities expects Apollo Hospital’s inclusion in the index to result in an inflow of $143 billion, while Indian Oil will be removed and it will see an outflow of $91 million, it said.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

Follow Us On: