Two stocks that is Yes Bank and Shree Cement are reacting to their exclusion and inclusion from the Nifty 50 list, effective from March 27.

There was an official announcement on Feb 18 that there is a change in the Nifty component; Yes Bank will get excluded and Shree Cement will get included in place of that.

With regards to impact on the stock, Edelweiss has put out a note suggesting that for Yes Bank the outflow would be close to USD 23 million and for Shree Cement the inflow would be around USD 95 million.

The change would be in effective from March 26 but the stocks are reacting to the news. Shree Cement stock price is up and Yes Bank's is down.