NSE reshuffles its indices semi-annually based on multiple criteria and six-month data ending January and July. The latest rejig will have Adani Enterprises overthrowing Shree Cement from Nifty50 which houses India’s top 50 listed companies based on market capitalisation.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South