JSW Steel shares jump 9% on inclusion in Nifty 50

Shares of JSW Steel ended nearly 9 percent higher today following the announcement of its entry in NSE Nifty 50 from September 28.

The scrip zoomed 8.62 percent to settle at Rs 397.80 on NSE. Intra-day, it jumped 11.60 percent to Rs 408.70 -- its 52-week high.

In terms of equity volume, 4.4 crore shares changed hands at NSE during the day.

Drug major Lupin will move out from Nifty 50 from September 28.

In its place, JSW Steel will enter the index, NSE Indices (formerly known as India Index Services and Products ) said in a statement yesterday.

Shares of Lupin declined 1.98 percent to end at Rs 883.85 on NSE. During the day, it lost 2 percent to Rs 883.

Besides, it has decided replacement of stock on various other indices including Nifty Next 50, Nifty 500, Nifty 100, Nifty 200, Nifty Midcap 150, Nifty Smallcap 250, Nifty Midcap 50, Nifty Midcap 100 as well as sectoral indices like PSU Banks, media, reality and commodities, among others.

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