Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
exit_to_app
Homechevron_rightBusinesschevron_rightAdani Ports to join...

Adani Ports to join BSE Sensex, Wipro to exit

text_fields
bookmark_border
Adani Ports
cancel

Gautam Adani-owned Adani Ports and Special Economic Zone (APSEZ) is set to replace IT major Wipro in the 30-share BSE Sensex from June 24, marking the first inclusion of an Adani Group firm in the Sensex.

The Adani Group, which comprises 10 listed companies, has a combined market valuation exceeding ₹ 17 lakh crore.

Both APSEZ and Wipro are currently part of the NSE's Nifty index. The Adani Group's flagship firm, Adani Enterprises, is also included in the 50-share Nifty index.

The changes, which will take effect on June 24, 2024, are part of a periodic review conducted by Asia Index, a joint venture between S&P Dow Jones Indices and BSE. "The replacement is a part of periodic review," Asia Index stated in an official announcement.

Tata Group company Trent Ltd will also join the S&P BSE Sensex 50 index, replacing Divi's Laboratories.

Several other changes have been announced for other indices, including the S&P BSE 100, S&P BSE Bankex, and S&P BSE Sensex Next 50.

In the S&P BSE 100 index, REC, HDFC Asset Management Company, Canara Bank, Cummins India, and Punjab National Bank (PNB) will be included. Meanwhile, Page Industries, SBI Cards and Payment Services, ICICI Prudential Life Insurance Company, Jubilant FoodWorks, and Zee Entertainment Enterprises (ZEEL) will be removed.

Yes Bank and Canara Bank will be added to the Bankex index, replacing AU Small Finance Bank and IDFC First Bank.

For the Sensex Next 50 index, REC, PNB, Divi's Laboratories, HDFC AMC, Canara Bank, and Cummins India will be included. Conversely, Trent, Page Industries, SBI Card, ICICI Prudential Life Insurance, Jubilant FoodWorks, and ZEEL will be removed from the index.

Show Full Article
TAGS:WiproAdani Ports
Next Story