New Nifty50 constituents trade mixed: Bajaj Finserv up 1.5%, Titan flat

New Nifty50 constituents, Bajaj Finserv, Grasim Industries and Titan Company were trading mixed on Monday after inclusion in the benchmark index Nifty50. While Bajaj Finserv and Grasim Industries gained as much as 1.8% and 3.7% respectively, Titan Company rose only 0.5% in intra-day trade.

On the other hand, Ambuja Cements (up 1.4%) Aurobindo Pharma (up 4.8%) and Bosch (up 2.4%) also rose, despite exclusion from the index.


With Bajaj Finserv’s inclusion, the number of financial services firms in the Nifty will increase to 11, while Aurobindo Pharma’s exit will bring down the number of pharma companies to four.

Bajaj Finserv, which rose over 275% in the last month, started offering personal loans at reduced interest rates of 12.99 per cent for a loan amount above Rs 10 lakh.