Tata Group's Trent and Bharat Electronics will enter the benchmark Nifty 50 on Friday.

What Happened: BEL and Trent will replace LTIMindtree and Divi's Laboratories in the index. The changes will come into effect on September 30 (at the close of September 27), NSE said in a press release. 

Trent and BEL had been included in the index as their six-month average free-float market capitalisation was at least 1.5 times that of the smallest constituents, Divi's and LTIMindtree.

NSE said that stocks that are available in the futures and options segment are eligible to enter the Nifty 50 index. 

Nuvama Alternative and Quantitative Research expects inflows of $495 million (around ₹4,141 crore) and $336 million (₹2,811 crore) to Trent and BEL, respectively. 

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Divi's Laboratories and LTIMindtree are expected to see outflows of $200 million (₹1,673 crore) and $163 million (₹1,363 crore), respectively, Nuvama added. 

BEL and Trent will be replaced in the Nifty Next 50 index. The other exclusions include Berger Paints India, Colgate Palmolive India, Marico, SBI Cards and Payments Services and SRF. 

Along with LTIMindtree and Divi's Laboratories, BHEL, JSW Energy, Macrotech Developers, NHPC and Union Bank of India will be added to the Nifty Next 50 index. 

Price Action: Shares of Trent were trading down 0.14% at ₹7,834.25 in morning trade on Friday. Shares of BEL were up 0.65% at ₹292.40.

Shares of LTIMindtree were up 0.68% at ₹6,206.05, while shares of Divi's Laboratories were down 0.80% at ₹5,336.25. 

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