Home Created by potrace 1.16, written by Peter Selinger 2001-2019News Created by potrace 1.16, written by Peter Selinger 2001-2019Hot news  Created by potrace 1.16, written by Peter Selinger 2001-2019IndianBulls shares tank over exclusion from Nifty50

IndianBulls shares tank over exclusion from Nifty50

IndianBulls shares tank over exclusion from Nifty50

IANS
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Mumbai: A view of the newly launched logo of Nifty50 at NSE building, Bandra Kurla Complex in Mumbai on May 28, 2019. (Photo: IANS)
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Mumbai: A view of the newly launched logo of Nifty50 at NSE building, Bandra Kurla Complex in Mumbai on May 28, 2019. (Photo: IANS)
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Mumbai, Aug 29 (IANS) Shares of Indiabulls Housing Finance on Thursday fell over 8 per cent as the company awaited exclusion from the Nifty 50 index.
The housing finance company will be replaced by Nestle India which jumped over 3 per cent in the early trade.
The exclusion of IndiaBulls Housing Finance will take effect from September 27.
Earlier Indiabulls had fell sharply after rating agency Moody's downgraded the company's long-term corporate family rating to Ba2 from Ba1, while also changing its outlook to negative from stable.
--IANS
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