"NSE rejigs indices, excludes 4 Adani stocks from Nifty Alpha 50 index: What does this mean?"
The National Stock Exchange (NSE) recently made changes to its indices, excluding four Adani group stocks from the Nifty Alpha 50 index. This move has generated a lot of interest among investors and has led to many questions about the implications of the exclusion. The Nifty Alpha 50 index is designed to track the performance of the top 50 companies listed on the NSE based on their alpha scores. Alpha scores are a measure of a stock's performance relative to the benchmark index, and they take into account factors such as volatility, risk-adjusted returns, and other metrics. The exclusion of the four Adani group stocks from the Nifty Alpha 50 index means that their performance will no longer be tracked by this index. This move comes after the Adani group stocks witnessed a sharp rally in recent times, leading to concerns among some investors about their valuations and the sustainability of their growth. The exclusion of the Adani group stocks from the Nifty Alpha 50 index is not a