BSE Indices rejig: Yes Bank, HAL among 7 stocks to replace Adani Power, Tata Elxsi, others in S&P BSE 100 index

Yes Bank, TVS Motor Company, Hindustan Aeronautics and IDFC First Bank are among the seven stocks that will be included in the S&P BSE 100 index, while Tata Elxsi, Voltas and Adani Group stocks Adani Power and ACC, among 3 others will be excluded from the index.

Asia Index Pvt Ltd, a 50-50 partnership between S&P Dow Jones Indices LLC and BSE Ltd, on November 17 announced the reconstitution of S&P BSE Indices. As per the changes, Power Finance Corporation, APL Apollo Tubes and Persistent Systems will also replace Bandhan Bank, Mphasis and Crompton Greaves Consumer Electricals in the S&P BSE 100 index.

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The changes in the indices will be effective at the open of Monday, December 18, 2023, Asia Index Pvt Ltd said.

In S&P BSE SENSEX 50, UPL and Dabur India will be dropped and replaced by Bharat Electronics Ltd (BEL) and LTIMindtree.

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Moreover, IDFC First Bank will replace Canara Bank in S&P BSE BANKEX.

Nine stocks in the S&P BSE SENSEX Next 50 will also be replaced. The stocks dropped from this index are Voltas, Tata Elxsi, Crompton Greaves Consumer Electricals, Bandhan Bank, Mphasis, LTIMindtree, BEL and Adani Power.

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These nine stocks will be replaced by TVS Motor Company, Power Finance Corporation, Hindustan Aeronautics, Persistent Systems, Dabur India, APL Apollo Tubes, IDFC First Bank, Yes Bank and UPL.

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