BSE drops Tata Power from Sensex; Lupin to come in
Private sector electricity producer Tata Power will move out of the stock market benchmark index Sensex and will be replaced by drugmaker Lupin.business Updated: May 22, 2015 22:51 IST
Private sector electricity producer Tata Power will move out of the stock market benchmark index Sensex and will be replaced by drugmaker Lupin.
Besides, Adani Power would be dropped from the S&P BSE 100 index, while various changes have been made to a host of other BSE indices as well.
The S&P BSE-100, an index of the top 100 listed companies in the country, would see Aurobindo Pharma and Tata Motors (DVR) coming in, while the S&P BSE-200 would get five new entries -- Ajanta Pharma, Suzlon Energy, Dewan Housing, NCC India and Tata Motors (DVR).
Those moving out of BSE-100 include Sanofi India, Hindustan Copper, Amtek Auto, Jaiprakash Power Ventures.
Incidentally, market watchdog Sebi is considering a new framework for regualating the index providers to put in place uniform set of guidelines for any changes in various indices.