CURRENT AFFAIRS

Detailed explanation-1: -Shree Cement will replace the private lender in Nifty 50 and in Nifty bank index, Bandhan Bank will find a place. The troubled lender will also be removed from Nifty 100 and Nifty 500. In Nifty 100, Adani Transmission will replace Yes Bank, while in Nifty 500, Sterling and Wilson Solar will be added.

Detailed explanation-2: -Yes Bank’s inclusion in the Nifty Next 50 index is an indication that crisis-hit bank’s financial health is improving. YES Bank shares ended 16.75 per cent higher on Tuesday at Rs 16.40 on the National Stock Exchange (NSE).

Detailed explanation-3: -Nifty 50 Index, commonly referred to as Nifty, is the benchmark index that tracks the performance of portfolio of bluechip companies, the largest and most liquid Indian securities. It includes 50 of the all companies listed and/or traded on the National Stock Exchange.

Detailed explanation-4: -Bank Nifty is comparatively easier to follow than Nifty Index. 3. Volatility: Bank Nifty is more volatile compared to the Nifty. If Nifty moves 1%, Bank Nifty can easily go 1.5% higher.

Detailed explanation-5: -The Nifty Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE).