After the monthly Shariah compliance review by NSE Indices Limited, several companies in the Nifty500 Shariah index are being replaced. These changes will take effect from August 31, 2026, and will be implemented after the close of trading on August 28, 2026.
Highlights
- After the monthly review, NSE Indices has removed Firstsource Solutions, Sobha, Torrent Power, and Zydus Wellness from Nifty500 Shariah.
- Bharti Hexacom, Biocon, Indegene, India Cements, Mankind Pharma, Navin Fluorine International, Siemens, Sona BLW Precision Forgings, The Ramco Cements, UPL, and Vedanta have been added to Nifty500 Shariah.
- There have been no changes in the Nifty50 Shariah and Nifty Shariah 25 indices; only Nifty500 Shariah has been rebalanced.
This article was translated from the original. Read the original version by our correspondent here.
Companies added to and removed from Nifty500 Shariah
As NSE India reported, citing the National Stock Exchange of India, the Index Maintenance Sub-Committee (Equity) of NSE Indices Limited has decided to replace stocks in the Nifty Shariah indices based on the monthly Shariah compliance review.Firstsource Solutions, Sobha, Torrent Power, and Zydus Wellness are being removed from Nifty500 Shariah. Meanwhile, Bharti Hexacom, Biocon, Indegene, India Cements, Mankind Pharma, Navin Fluorine International, Siemens, Sona BLW Precision Forgings, The Ramco Cements, UPL, and Vedanta are being added to the index.
Impact on other Shariah indices
This review does not bring any changes to the Nifty50 Shariah and Nifty Shariah 25 indices.This rebalancing updates the index composition based on Shariah compliance standards and is important for investors who use these benchmarks for investment decisions and portfolio tracking.
Our previous report discussed NSE Indices Limited's decision to include new State Development Loans (SDL) securities under the rebalancing of Nifty fixed income and SDL indices. It was mentioned that these changes will take effect from August 11, 2026, and tracking funds and investment products may need to adjust their holdings and passive allocation strategies accordingly.