HPCL shares decline 3 per cent; Britannia up over 1 per cent on NSE rejig

Britannia Industries will replace HPCL in the Nifty50 index from March 29, the NSE said
Shares of Hindustan Petroleum Corporation (HPCL) fell by nearly 3 per cent Tuesday after the National Stock Exchange (NSE) said Britannia Industries will replace the oil marketing company in the Nifty50 index from March 29.

The company’s shares opened the day on a weak note and further declined 2.95 per cent to Rs 221.40 on NSE.

Shares of Britannia Industries on the other hand gained 1.20 per cent to Rs 3,085.

Britannia Industries will replace HPCL in the Nifty50 index from March 29, the NSE said on Monday.