MUMBAI (Reuters) - Shares in software service exporter Wipro Ltd (NSI:WIPRO.NS - News) fell as much as 2.2 percent while power equipment maker Siemens Ltd (NSI:SIEMENS.NS - News)
retreated on Thursday after India Index Services & Products Ltd
said both companies would be removed from the Nifty on April 1.
India Index Services & Products announced the
exclusion in a statement on Wednesday, adding private sector lender
IndusInd Bank Ltd (NSI:INDUSINDBK) and iron ore producer NMDC Ltd (NSI:NMDC.NS - News) would be included in the Nifty index in their place.Wipro shares were down 2.7 percent as of 9:37 a.m. Siemens, the Indian subsidiary of Siemens AG (GER:SIE.DE - News), was down 1.7 percent. However, NMDC shares rose 2.8 percent while IndusInd rose 0.5 percent.
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