MTNL, 4 other stocks to be included in Nifty Midcap-50 index

The National Stock Exchange on Friday said five companies, including telecom firm MTNL and Indian Bank, will be included in Nifty Midcap 50 Index with effect from June 5. The NSE said in a circular that MTNL, Indian Bank, Oracle Financial Services Software, Piramal Healthcare and UltraTech Cement would be included stocks in Nifty Midcap 50 Index from June 5. Besides, five others stocks -- Amtek Auto, Birla Corporation Edelweiss Capital, Maharashtra Seamless and Wockhardt would also be excluded from the index. The Futures and Options contracts for new expiry months of excluded stocks would not be made available on expiry of existing contract months, it added.