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MARKET EYE -Tech Mahindra, United Spirits to join India's NSE index

* Software (Xetra: 330400 - news) company Tech Mahindra and liquor maker

United Spirits, which is partially owned by Diageo PLC (LSE: DGE.L - news)

, would be included in India's NSE index from

March 28, the National Stock Exchange (NSE) said.

* The two stocks will replace Jaiprakash Associates

and Ranbaxy Laboratories (BSE: RANBAXY.BO - news) , NSE said in a circular on

Thursday.

* Among other notable changes, Federal Bank (BSE: FEDBANK.BO - news) would

replace Union Bank of India (BSE: UNIONBANK.BO - news) in CNX Bank index.

* Nifty Midcap 50 index will have three

changes--financial stocks Bank of India (BSE: BOI.BO - news) , Canara Bank

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and Power Finance Corp replace Hexaware

Technologies, Housing Development and Infrastructure

and JSW Steel (BSE: JSWSL.BO - news) .

(abhishek.vishnoi@thomsonreuters.com/

abhishek.vishnoi.thomsonreuters.com@reuters.net)