M&M replaces Hero Honda in Sensex
The Index Committee of the Exchange, in its meeting held on May 25, has decided to revise the composition of BSE indices.business Updated: May 26, 2007 15:29 IST
Utility vehicles manufacturer Mahindra & Mahindra will replace Hero Honda in the country's benchmark index Sensex from July 9.
The Index Committee of the Exchange, in its meeting held on May 25, has decided to revise the composition of BSE indices including those in Sensex, BSE-100, BSE-200, BSE-500 and two sectoral indices, a BSE circular said.
In the BSE-100 index nine new companies have been inducted in place of the outgoing stocks. The inclusions are of Aban Offshore, Biocon, Cairn India, Dish TV, Tech Mahindra and Indiabulls Real Estate among others.
Besides, in BSE-200 index 27 firms have been included in place of same number of exclusions from the index, the BSE circular said.
Among the sectoral indices, Karnataka Bank and Yes Bank have been included in the Bankex, Moser Baer and Rolta (India) in BSE IT and BSE Teck indices.
Besides, Power Finance Corporation has been included in the BSE PSU index and 10 other stocks have been included in the BSE Teck index.
Two companies -- Sundaram Fasteners and Tube Investments of India have been removed from the BSE Auto index, while P&G Hygiene and Heathcare Ltd is dropped from BSE FMCG.
All the changes in the various indices are effective from July 9, it said.
The index committee has also made changes in the BSE-500 with 34 new inclusions replacing the excluded firms.