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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