BSE reshuffle: InterGlobe Aviation, the parent company of the country’s largest airline IndiGo, will become a part of BSE’s 30-share major index Sensex from December 22. This announcement has been made by BSE Index Services Pvt Ltd under the index reconstitution.
Tata Motors PV will go out
Under this change, Tata Motors Passenger Vehicles Ltd will be removed from the Sensex. Reconstitution is done periodically to update the structure of the index in line with the market. All these changes will come into effect with the opening of the market on Monday 22nd December next month.
Big reshuffle in BSE 100
Changes have also been made in the BSE 100 index. Here IDFC First Bank Ltd is being included. Adani Green Energy Ltd will be removed in its place. The move is to improve the sectoral balancing and market representation of the index.
Changes in Sensex 50
Changes have also been made in BSE Sensex 50. Max Healthcare Institute Ltd will be added to it. Whereas, IndusInd Bank Ltd will be excluded from this list.
There will also be two changes in the BSE Sensex Next 50 index. IndusInd Bank and IDFC First Bank will be included here. At the same time, Max Healthcare Institute Ltd and Adani Green Energy will be removed.
What is BSE reshuffle?
Under BSE reshuffle, the exchange periodically updates the list of companies included in its index. In this, companies are included or excluded on the basis of their market cap, liquidity, trading volume and overall performance.
Its purpose is to ensure that Sensex and other indices continue to accurately represent the country’s economy and markets.
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