Mumbai: The benchmark index of Bombay Stock Exchange is all set for a rejig with the inclusion of mining firm Sterlite Industries and leading power utility Tata Power Company with effect from 28 June.
Sterlite Industries and Tata Power Company were included in the place of Ambuja Cements, a unit of Zurich-based Holcim, and domestic pharma major Cipla respectively.
The index committee of the BSE in its meeting held on 13 June decided to revise the composition of Sensex, BSE-100, BSE-200 and BSE-500 indices.
The revision in the Sensex will be effective from 28 July, while revisions in the BSE-100, BSE-200 and BSE-500 will become effective from June 23, BSE said in a statement.
This would be Tata Power’s re-introduction into the most popular index of the BSE. Earlier, it was replaced by Anil Ambani-controlled Reliance Communications and last traded as a Sensex stock on 9 June, 2006.
The full market capitalisation of Cipla stood at Rs16,424.17 crore with an weightage of 1.03%, while Ambuja Cements had an weightage of 0.68% with a market cap of Rs12,941.12 crore.
Sensex, a basket of 30 constituent stocks, represents a sample of large, liquid and representative companies. The base year of Sensex is 1978-79 and the base value is 100.
In the BSE 100 indices, the exchange has decided to include scrips of Asian Paints, Bajaj Auto, Bajaj Finserv, Educomp, Housing Dev & Infrastructure, MMTC, Mundra Port, National Aluminium, NMDC, Reliance Power and Welspun Gujarat Stahl Rohren.
Among the leading scrips which are excluded from the BSE 100 list are Bharat Electronics, Glaxosmithkline, i-flex Solutions, Patni Computers, Titan Industries and Ultratech Cement.
The BSE 200 indices would have Adlabs Films, Bajaj Holdings, Bajaj Auto, Bajaj Finserv, Chambal Fertilisers, Edelweiss Capital, Essar Shipping, Godrej Industries, Gujarat Mineral, Gujarat NRE Coke, Indiabulls Securities, IRB Infrastructure, Jai Corp, Jubilant Organosys, LIC Housing Finance, MMTC, Mundra Port, NMDC, Rural Electrification Corp, REI Agro, Shree Renuka Sugars and Shriram Transport Finance.
Meanwhile the BSE 500 index would witness the inclusion of Assam Co, Bajaj Auto, Bajaj Finserv, Bartonics, Country Club, Dabur Pharma, Gammon Infra, Indiabulls Securities, Jindal Southwest Holdings, Kolte-Patil Developers, Lok Housing, Marg Construction, Marksans Pharma, Navneet Publications, Onmobile Global, Piramal Life Sciences, Religare Enterprises, State Trading Corporation of India, Thomas Cook and among others.
Earlier, in 7 March this year BSE had revised the composition of its index wherein , Jaiprakash Associates had replaced Bajaj Auto.