NSE Indices Review 2026: 30 September Rejig Brings Major Changes Across Nifty Indices
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NSE Indices has announced changes across several Nifty equity, thematic, REIT and Shariah indices, with revised constituents set to take effect from 30 September 2026.
NSE Indices has announced a fresh set of changes across several Nifty equity indices, with the revisions set to take effect from 30 September 2026 after the market closes on 29 September.
The changes follow semi-annual, quarterly and monthly index reviews and will alter the composition of several broad-market, factor, thematic, real estate investment trust (REIT) and Shariah indices.
Key Changes To NSE Indices
The table below captures the key NSE indices changes:
Nifty50 Value 20 | Wipro | Dr. Reddy's Laboratories |
Nifty Alpha 50 | Amber Enterprises, Anand Rathi Wealth, Delhivery, Fortis Healthcare, HDFC AMC, Max Financial Services, Muthoot Finance | Cupid, HFCL, Kirloskar Oil Engines, MTAR Technologies, Sterlite Technologies, TD Power Systems, Welspun Corp |
Nifty High Beta 50 | HUDCO, IREDA, Motilal Oswal Financial Services, MCX, NBCC, Power Finance Corporation, Tata Steel, Ujjivan Small Finance Bank | Ambuja Cements, Bajaj Finance, Bank of Maharashtra, GMR Airports, Larsen & Toubro, MTAR Technologies, Redington, Tata Motors Passenger Vehicles |
Nifty Low Volatility 50 | Colgate Palmolive, Dabur India, IRCTC, Infosys, MRF | Coal India, Havells India, ONGC, Tata Power, Zydus Lifesciences |
Nifty100 Alpha 30 | Bank of Baroda, Bharat Electronics, Mahindra & Mahindra, Maruti Suzuki, Muthoot Finance | ABB India, BSE, Divi's Laboratories, Hitachi Energy India, Vodafone Idea |
Nifty100 Low Volatility 30 | HCL Technologies, Infosys, Shree Cement | HDFC Life Insurance, Power Grid Corporation, Tata Power |
Nifty200 Alpha 30 | Eicher Motors, Fortis Healthcare, Glenmark Pharmaceuticals, Muthoot Finance | Aurobindo Pharma, Bank of Maharashtra, Samvardhana Motherson, Union Bank of India |
Nifty Conglomerate 50 | Bajaj Housing Finance, Jubilant Foodworks, Jubilant Ingrevia, Jubilant Pharmova, Saregama India | Central Mine Planning & Design Institute, Coal India, Hindustan Zinc, Vedanta Aluminium Metal, Vedanta |
Thematic And Other Indices
Rejig is also on the cards for the thematic Nifty indices:
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The Nifty EV & New Age Automotive index will remove L&T Technology Services and Minda Corporation and add Sansera Engineering.
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The Nifty India Consumption index will exclude Adani Power and Havells India, while Fortis Healthcare and Torrent Pharmaceuticals will enter.
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The Nifty MidSmall India Consumption index will remove Abbott India, Kalyan Jewellers, Patanjali Foods and Vodafone Idea. Indian Hotels, Lenskart Solutions, Lodha Developers and United Spirits will be added.
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The Nifty India Defence and Nifty India Defence Equal Weight indices will add Centum Electronics, Sigma Advanced Systems and Unimech Aerospace and Manufacturing, with no exclusions.
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The Nifty500 Ahimsa index will undergo a larger review, with 17 stocks excluded and 26 added.
REIT And Shariah Indices
The Nifty REITs & Realty index will replace Sobha with Bagmane Prime Office REIT. The Nifty REITs & InvITs and Nifty REITs & InvITs 90:10 indices will add Bagmane Prime Office REIT and Cube Highways Trust without exclusions.
The Nifty 50 Shariah index will add Eternal, while the Nifty500 Shariah index will exclude 16 stocks and add 14 following its monthly compliance review. The Nifty Shariah 25 will remain unchanged. No changes are planned for the Nifty India Railways PSU or Nifty Sugar & Ethanol indices.
Also Read - Stock Market Update 17 September 2026: Sensex Gains Over 100 Pts; Nifty 50 Above 23,250
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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