JSW Steel to Replace HDFC on Sensex, BSE to Remove HDFC From 9 Indices

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JSW Steel to Replace HDFC on Sensex, BSE to Remove HDFC From 9 Indices

By Malvika Gurung

Investing.com -- Amid the merger of HDFC (NS: HDFC ) with HDFC Bank (NS: HDBK ), the leading bourse Bombay Stock Exchange has announced to rejig several S&P BSE Indices, including the benchmark index Sensex , and remove the top mortgage lender HDFC from them next week.

Starting July 13, 2023, HDFC will be replaced by the steel major JSW Steel (NS: JSTL ) on the 30-scrip Sensex.

The financial heavyweight will be replaced by different stocks on a total of nine S&P BSE indices, including BSE 500 , BSE 100 and some broader market indices.

HDFC will be replaced by Zomato (NS: ZOMT ) on the BSE 100 index, while JBM Auto Components Ltd (NS: JBMA ) will do the same on the BSE 500 index, starting July 13.

The heavyweight Apollo Hospitals (NS: APLH ) Enterprise will replace HDFC on the BSE Sensex 50 index, while Apollo Tyres (NS: APLO ) will replace the mortgage lender’s stock on the BSE 250 LargeMidCap .

Further, the Navratna PSU Hindustan Aeronautics (NS: HIAE ) will replace HDFC on the BSE SENSEX 50 TMC, APL Apollo (NS: APLA ) Tubes on BSE 200, and the leading IT giant Infosys (NS: INFY ) will do the same on the BSE GREENEX next week.

On the NSE Nifty50 index, HDFC will be replaced by the midcap IT major LTIMindtree (NS: LTIM ), and LIC Housing Finance (NS: LICH ) on the sectoral index Nifty Financial Services index with effect from July 13, 2023.

Read Also: Nifty50 Rejig Ahead as LTIMindtree to Replace HDFC, Inflow Size Pegged

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