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Home»business»S&P BSE Sensex 50 rejig: LTIMindtree, BEL to enter; UPL, Dabur set to exit index on December 18
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S&P BSE Sensex 50 rejig: LTIMindtree, BEL to enter; UPL, Dabur set to exit index on December 18

whatnewsBy whatnewsNovember 20, 2023No Comments3 Mins Read
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LTIMindtree and Bharat Electronics (BEL) will replace UPL and Dabur India from S&P BSE Sensex 50 index with effect from December 18 as part of the reconstitution of the 30-stock index, a BSE release said on Monday.

Shares of LTIMindtree jumped over 2% to the day’s high of Rs 5638 on the BSE while BEL fell 1.4% to the day’s low of Rs 143.95. Meanwhile, UPL traded flat though the bias was positive and Dabur India gained up to 0.40% to Rs 543.85 around 12 pm.

The rejig exercise will also be in other indices on the BSE viz. S&P BSE Bankex where IDFC First Bank will make an entry while Canara Bank will be dropped.

In BSE Sensex Next 50, TVS Motor Company, Power Finance Corp, Hindustan Aeronautics (HAL), Persistent Systems, Dabur India, APL Apollo Tubes, IDFC First Bank, Yes Bank and UPL will be added. The ones taking exit will be Voltas, Tata Elxsi, Crompton Greaves Consumer Electricals, Bandhan Bank, ACC, LTIMindtree, MPhasiS, Bharat Electronics and Adani Power.

As for S&P BSE 100, seven new stocks will replace as many stocks in the index. The inclusions will be TVS Motor Company, Power Finance Corp, HAL, Persistent Systems, APL Apollo Tubes, Yes Bank and IDFC First Bank will be added. The omissions are Tata Elxsi, Adani Power, Voltas, Bandhan Bank, MphasiS, Crompton Greaves and ACC.

The announcement of the latest reconstitution was done by Asia Index Private. It is a 50-50 partnership between S&P Dow Jones Indices LLC, the world’s largest provider of financial market indices, and BSE Ltd, Asia’s oldest stock exchange and home to the Sensex index.

Asia Index Pvt. Ltd combines the benchmarks, market intelligence, and insights of both parent companies.Today around 12:30 pm, the Sensex was trading at 65,649.97, down by 144.76 points or 0.22% over the Friday closing. In the 30-stock index, 13 stocks were trading with positive bias with HCL Technologies and Wipro as top gainers while Mahindra & Mahindra (M&M) and Bajaj Finance as top losers.

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acc APL Apollo Tubes bandhan bank BEL BSE canara bank Crompton Greaves Consumer Electricals Dabur Dabur India December enter exit IDFC First Bank index LTIMindtree Persistent Systems rejig s&p bse sensex 50 Sensex set Tata Elxsi TVS Motor Company UPL Voltas yes bank
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