Shares of Adani Ports moved up by over 3% on Monday after the company replaced state-run iron ore miner NMDC Ltd on the National Stock Exchange's benchmark index Nifty from Monday.
The stock gained 3.36% to Rs 312 on NSE. On the BSE, it climbed 3% to Rs 310.90.
NMDC shares, on the other hand, fell by 1.31% to Rs 93.50 on NSE.
The changes were decided by the index maintenance sub-committee as part of its periodic review, India Index Services & Products (IISL) had said last month.
"These changes shall become effective from September 28, 2015 (close of September 24, 2015)," it had said.
In the broader market, the BSE benchmark Sensex was 76.50 points or 0.30% down in the afternoon trade.
