Adani Ports To Be Included In Sensex, Wipro Excluded

Business Edited by Updated: May 24, 2024, 4:37 pm
Adani Ports To Be Included In Sensex, Wipro Excluded

Adani Ports To Be Included In Sensex, Wipro Excluded

Adani Ports will join the Sensex from June 24, while Wipro will be excluded, according to the Bombay Stock Exchange (BSE) as part of its semi-annual rebalancing exercise. This inclusion marks Adani Ports as the first stock from the 10-member Adani Group to enter the 30-stock Sensex. Currently, Adani Ports and Adani Enterprises are also part of the Nifty50 index.

In the S&P BSE 100 index, several changes will occur: Page Industries, SBI Cards, ICICI Prudential Life Insurance, Jubilant FoodWorks, and Zee Entertainment Enterprises will be replaced by REC Ltd, HDFC AMC, Canara Bank, Cummins India, and Punjab National Bank.

Additionally, Trent will replace Divi”s Labs in the Sensex 50 index from June 24.

The Sensex, short for the Sensitive Index, is a stock market index of the BSE in India. It comprises 30 of the largest and most actively traded stocks on the BSE, representing various sectors of the Indian economy. Established in 1986, the Sensex is widely regarded as a barometer of the Indian stock market”s performance and economic health.

Apart from Wipro, the current constituents of Sensex include Asian Paints, Axis Bank, Bajaj Finance, Bajaj Finserv, Bharti Airtel, HCL Technologies, HDFC Bank, Hindustan Unilever, ICICI Bank, IndusInd Bank, Infosys, ITC, JSW Steel, Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra, Maruti Suzuki, Nestlé India, NTPC, Power Grid, Reliance Industries, State Bank of India, Sun Pharma, Tata Consultancy Services, Tata Motors, Tata Steel, Tech Mahindra, Titan Company and UltraTech Cement.