Shares of JSW Steel ended nearly 9 per cent higher on Wednesday following announcement of its entry in NSE Nifty 50 from September 28.
The scrip zoomed 8.62 per cent to settle at Rs 397.80 on NSE. Intra-day, it jumped 11.60 per cent to Rs 408.70 — its 52-week high In terms of equity volume, 4.4 crore shares changed hands at NSE during the day. Drug major lupin will move out from Nifty 50 from September 28. In its place, JSW Steel will enter the index, NSE Indices (formerly known as India Index Services and Products ) said in a statement on Tuesday.
Shares of lupin declined 1.98 per cent to end at Rs 883.85 on NSE. During the day, it lost 2 per cent to Rs 883.