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Wipro to replace Bajaj Auto in BSE Sensex, 9 more changes in other BSE indices - Details
Asia Index Private Limited has made several changes, while reconstituting the S&P BSE Indices. As per the result, Wipro has found place in the S&P BSE Sensex, while City Union Bank Limited has been dropped from the S&P BSE Bankex among several changes.
Asia Index Private Limited has made several changes, while reconstituting the S&P BSE Indices. As per the result, Wipro has found place in the S&P BSE Sensex, while City Union Bank Limited has been dropped from the S&P BSE Bankex among several changes. These changes will be effective from December 20, 2021.
Asia Index Pvt. Ltd is a 50-50 partnership between S&P Dow Jones Indices LLC, the world’s largest provider of financial market indices, and BSE Ltd, Asia’s oldest stock exchange and home to the iconic Sensex index.
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As per reconstitution of S&P BSE Indices, India's third-largest IT services company Wipro will replace Bajaj Auto Ltd in the 30-share Sensex. Similarly, S&P BSE 100 will see four important changes as per the reconstitution result. Biocon Ltd, Power Finance Corp Ltd, Torrent Pharmaceuticals ltd and REC will pave way for Adani Transmission Ltd, Adani Total Gas Limited, SRF ltd and Max Financial Services Ltd in the BSE 100-share index. Subsequently, the same changes have been made in the S&P BSE Sensex Next 50.
Furthermore, Bank of Baroda has replaced City Union Bank Ltd in the S&P BSE Bankex index. It is to be noted that S&P BSE Sensex 50 index has been left untouched as no changes have taken place in this index.
(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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