Its a very wise decision to include Idea Cellular and Cairn India Energy in the National stock exchange’s Nifty-50 index. PSU telecom giant, MTNL and oil distribution company HPCL are the outgoing stocks.
Aditya Birla group firm Idea Cellular is a wireless telecom company, operating in various states of India. Idea Cellular was the first to offer flexible tariff plans for prepaid customers.
Cairn India is oil and gas exploration and production company. Cairn UK Holdings has 68.99% in the company.