By IANS,
Mumbai : The Bombay Stock Exchange sensitive index – Sensex – is all set to welcome several new members with the index committee reshuffling the firms that make up the indices. The new-look Sensex will come into effect July 28.
Tata Power and Sterlite Industries have been included in place of Ambuja Cements and pharma major Cipla.
The index committee of the BSE, at its meeting Saturday, decided to revise the composition of Sensex, BSE-100, BSE-200 and BSE-500 indices.
In the BSE 100 indices, the exchange decided to include scrips of Asian Paints, Bajaj Auto, Bajaj Finserv, Educomp, Housing Dev and Infrastructure, MMTC, Mundra Port, National Aluminium, NMDC, Reliance Power and Welspun Gujarat Stahl Rohren.
Among prominent stocks now out of the BSE 100 list are Bharat Electronics, Glaxosmithkline, i-flex Solutions, Patni Computers, Titan Industries and Ultratech Cement.
The leading stocks included in the BSE 200 are the Anil Ambani-promoted Adlabs Films Ltd, Bajaj Holdings and Investment Ltd, Bajaj Auto Ltd, Edelweiss Capital Ltd and the public sector power lender Rural Electrification Corporation Ltd.
The revision in the BSE-100, BSE-200 and BSE-500 will become effective June 23, according to a BSE statement.
The Sensex was started in 1986 and comprises 30 stocks. The number does not change but the stocks get reshuffled now and then.