As a part of its periodic review which takes place Semiannually in June and December, the 30 shares index BSE has announced a rejig in its constituents. The index includes some of the highly valued and liquid companies in India.
The Sensex Next 50 index is designed to measure the performance of the next 50 largest and liquid stocks after the constituents of the S&P BSE SENSEX 50 in the S&P BSE LargeMidCap.
In the latest rejig, Adani Power (NS: ADAN ) is set to replace Adani Total Gas (NS: ADAG ) and Indian Hotels (NS: IHTL ) Company Ltd will take Hindustan Petroleum (NS: HPCL ) Corporation Limited’s place in the index. The same changes will also take place in the BSE 100 index.
Asia Index Private Limited which is responsible for the reconstitution announced that the changes will be applicable from Monday, December 19th, 2022.
Asia Index is a joint venture of S&P Dow Jones Indices LLC, the world’s largest provider of financial market indices, and the BSE. Under the umbrella brand S&P BSE Indices, the company is best known for calculating, publishing, and maintaining a diverse family of Asian indices.
On Monday afternoon, the shares of Adani (NS: APSE ) Power Ltd were trading 1 percent down at Rs 332 levels while the shares of Indian Hotels Company Ltd were trading in green at Rs 316 levels.
In addition to this, Tata Motors (NS: TAMO ) is set to replace Dr. Reddy’s Laboratories in Sensex. Further, no changes have been suggested in the S&P BSE SENSEX 50 and S&P BSE BANKEX Indices.
Written by Anoushka Roy
The post Adani total gas and HPCL to be replaced by these 2 stocks in Sensex next 50 index appeared first on Trade Brains.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
More risk more benifit.Low risk low benifitLike 1