BackBSE Indices rejig: Yes Bank, HAL among 7 stocks to replace Adani Power, Tata Elxsi, others in S&P BSE 100 index
In S&P BSE SENSEX 50, UPL and Dabur India will be dropped and replaced by Bharat Electronics Ltd (BEL) and LTIMindtree.
PremiumYes 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.
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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