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Shares of Idea Cellular and YES Bank will remain in focus as they replace DLF and Jindal Steel & Power in Nifty from Friday. The CNX Nifty is used for a variety of purposes, such as benchmarking fund portfolios, index-based derivatives and index funds. Fund managers of index funds have to adjust their portfolios to align with changes in the Nifty. Shares of DLF and JSPL may come under pressure on index rebalancing.
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