JSW Steel set to replace Lupin in Nifty 50 from Sep 28; Stock rises 6%

Shares of JSW Steel gained over 2% on the BSE in morning trade on news that the company will replace Lupin in the Nifty 50 index effective September 28. Read here It is expected that the inclusion of JSW Steel will boost the stock, given that several exchange-traded funds (ETFs) track the Nifty index. Shares of JSW Steel have climbed 40% in 2018 so far. JSW Steel Ltd is currently trading at Rs387.50 up by Rs21.35 or 5.83% from its previous closing of Rs366.15 on the BSE. The scrip opened at Rs371.25 and has touched a high and low of Rs379.50 and Rs371.25 respectively.

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