labels: markets - general, mahindra & mahindra
Mahindra & Mahindra replaces Hero Honda in BSE Sensex news
26 May 2007

Mumbai: Utility vehicles manufacturer Mahindra & Mahindra will replace Hero Honda in the benchmark Sensex index of the Bombay Stock Exchange (BSE) from July 9.

The index committee of the exchange, at its meeting on May 25, decided to revise the composition of BSE indices, including those in the Sensex, BSE-100, BSE-200, BSE-500 and two sectoral indices, BSE said in a circular.

Nine new companies have been inducted in the BSE-100 index in place of the outgoing stocks. The stocks include Aban Offshore, Biocon, Cairn India, Dish TV, Tech Mahindra and Indiabulls Real Estate among others.

In the BSE-200 index, 27 firms have been included in place of stocks excluded from the index, the BSE circular said.

Among the sectoral indices, Karnataka Bank and Yes Bank have been included in the Bankex, Moser Baer and Rolta (India) in BSE IT and BSE Teck indices.

Besides, Power Finance Corporation has been included in the BSE PSU index and 10 other stocks have been included in the BSE Teck index.

Two companies – Sundaram Fasteners and Tube Investments of India – have been removed from the BSE Auto index, while P&G Hygiene and Heathcare Ltd is dropped from BSE FMCG.

The index committee has also made changes in the BSE-500 with 34 new inclusions replacing the excluded firms. All the changes in the various indices are effective from July 9, it said.


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Mahindra & Mahindra replaces Hero Honda in BSE Sensex