Sensex Rejig News: The Sensex will get two new stocks replaced next month. The 30-scrip benchmark will get Trent and Bharat Electronics Ltd (BEL) included, replacing IndusInd Bank and Nestle India, according to Asia Index, a wholly-owned subsidiary of stock exchange BSE.
The changes will take effect at the opening bell on June 23.Â
BSE Index Reshuffle | Sensex to Get 2 New Stocks; IndusInd Bank, Nestle India to be excludedÂ
The Tata group stock and the PSU scrip will be replacing private sector lender IndusInd Bank and FMCG major Nestle India from June 23.
Why will BEL and Trent be included in Sensex?
The move is part of a periodic index review. Index providers review the constituents of their gauges from time to time to ensure that the indices capture the desired performances. For instance, the Sensex is aimed at capturing the performance of 30 largest and most actively traded companies in BSE’s listed universe.
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BSE 100 Reshuffle | Dixon Tech, Coforce, Indus Towers to replace Bharat Forge, Dabur, Siemens
In the BSE 100 index, three stocks—Dixon Tech, Coforge and Indus Towers will be included, replacing Bharat Forge, Dabur India and Siemens, according to Asia Index.
Five stocks to enter Sensex 50
In the Sensex 50, Britannia, Dixon Tech, Coforge, Hero MotoCorp and Indus Towers will enter, replacing InterGlobe Aviation (IndiGo), Shriram Finance, Bharat Forge, Dabur India and Siemens.
Bankex Rejig | IDFC First Bank to enter banking gauge
In the 10-scrip Bankex index, IDFC First Bank will be added while Canara Bank will be removed.
Currently, the sectoral index’s constituents include IndusInd Bank, Federal Bank, Bank of Baroda, ICICI Bank, SBI, HDFC Bank and Axis Bank.
Image source: Asia Index
