Investing.com — Starting December 20, 2021, the country’s leading IT services provider Wipro Ltd (BO:) will be listed on the elite S&P index, replacing the two-wheeler and three-wheeler manufacturer Bajaj Auto Ltd (BO:).
Research firm Edelweiss Alternative Research pegs the weightage of the index to increment by 1.5%, along with an inflow of $155 million due to the addition of Wipro, while a weightage reduction of 0.7% and $74 million outflow due to the exclusion of Bajaj Auto from the 30-scrip index.
In a recent notice released by the Asia Index Private Limited, several changes have been made to different BSE indices, reconstituting the S&P , S&P , S&P , and . These indexes would reflect the changes from December 20.
In the 10-scrip BSE Bankex, the public sector lender Bank of Baroda Ltd (BO:) will replace the private sector lender City Union Bank Ltd (BO:).
In the indices BSE 100 and Sensex Next 50, four companies will be replaced, namely Biocon Ltd. (BO:), Power Finance Corporation Ltd (BO:), Torrent Pharmaceuticals Ltd. (BO:) and REC Ltd (BO:).
Their positions would be held by Adani (NS:) Transmission Ltd (BO:), Adani Total Gas Ltd (BO:), SRF Ltd (BO:) and Max Financial Services Ltd (BO:).
Additionally, Asia Index Private Limited also announced that two new stocks, One 97 Communications Ltd (NS:) and Sapphire Foods India Ltd (BO:) will be added to the , starting November 23, 2021.