Vedanta, Hindalco out, Adani Port, Asian Paints SEZ in as BSE recasts Sensex
21 November 2015
Metal and mining firms Vedanta and Hindalco Industries will soon be out of the 30-share benchmark index on the BSE, the S&P BSE Sensex, after a year of bad performance.
These stocks would be replaced by Adani Ports and Special Economic Zone and Asian Paints Ltd.
Besides the BSE 100 and BSE 500 will also undergo changes, reflecting stressed sectors' results.
NHPC, Jaiprakash Associates and Unitech would be dropped from the BSE 100 index as well as S&P BSE Carbonex, while various changes have also been made to a host of other BSE indices as well.
The move is a part of Asia Index Private Ltd's semi-annual reconstitution results.
The BSE-100, an index of the top 100 listed companies in the country, would see the inclusion of - Britannia Industries, Bharti Infratel and Motherson Sumi Systems.
As many as nine firms would be replaced on BSE 200 index, while 22 companies would be excluded from BSE 500.
Companies like Muthoot Finance, Unitech and IFCI would be excluded from BSE 200, which will see the inclusion of firms such as IDFC, Pfizer India and Adani Enterprises.
Reliance Industrial Infrastructure and Financial Technologies India Ltd among others would be moved out of BSE 500, while SpiceJet and Trident are among the stocks which would be included.
BSE Teck would see replacement of Persistent Systems and KPIT Technologies with Tata Elxsi and MphasiS.