logo-lakshmshree
Posted on  May 24, 2024 under  by Ayush Maurya

Adani Ports to Join BSE Sensex, Wipro to Exit on June 24

In a significant reshuffle, Adani Ports and Special Economic Zone Ltd (APSEZ) will be included in the BSE Sensex, replacing Wipro Ltd, starting June 24, 2024. This change is part of the Bombay Stock Exchange's (BSE) semi-annual review, which aims to ensure the index remains representative of the market's top companies.

Adani Ports, a key player in India's port infrastructure sector, will become the first company from the Adani Group to join the Sensex. This inclusion is expected to bring increased visibility and investment to the company, with estimates suggesting an inflow of $118 million. The Sensex is a critical benchmark for the Indian stock market, comprising 30 prominent companies across various sectors.

This update will remove Wipro, a leading IT services company, from the Sensex. The exclusion will likely lead to an estimated outflow of $56 million from Wipro's stock. Despite this, Wipro remains a significant player in the IT sector and continues to be a part of other indices, including the Nifty 50.

The BSE's review also includes changes to other indices. For example, Page Industries, SBI Cards, ICICI Prudential Life Insurance, Jubilant FoodWorks, and Zee Entertainment Enterprises will be replaced in the BSE 100 index by REC Ltd, HDFC AMC, Canara Bank, Cummins India, and Punjab National Bank. Additionally, Trent will replace Divi's Laboratories in the Sensex 50.

These adjustments are part of the BSE's efforts to ensure the indices accurately reflect the evolving market conditions and the performance of the leading companies.

Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com

Ayush Maurya

Written by Ayush Maurya

Ayush is a seasoned financial markets expert with over 3years of experience. He has a passion for breaking down complex financial concepts into simple, digestible terms. Through his 50+ articles, Ayush has helped countless individuals navigate the often intimidating world of finance.

open-account-ad-2

Social Share

Subscribe to Our Newsletter

Loading
CIN No U74110MH2005PLC157942     |    Member Ship Details     |    BSE-3281     |    NSE-12817     |    MCX-55910     |    DP:IN-DP-CDSL-490-2008     |    DPID:12059100    |    SEBI Regn. No.: INZ000170330     |    Mutual Fund: ARN-77739    |    Research Analyst: registration number INH000014395
logo-lakshmshree-white
Lakshmishree Investment & Securities Ltd. was incorporated in 2005. We are a Corporate Member of NSE, BSE, MCX and Depository Participant with CDSL.
Most Popular in LISL
Copyright @ 2024 © Lakshmishree Investment & Securities Ltd. All Right Reserved.
Adani Bribery Allegations Trigger Market Crash: Nifty, Sensex Plunge A Guide to Infrastructure Mutual Funds 5 Reasons to Add Silver ETFs to Your Portfolio NTPC Green Energy IPO: Everything You Need to Know Beginner's Guide to Silver ETF 10 Key Things to Know About Zinka Logistics (BlackBuck) IPO 10 Things to Know About Swiggy’s IPO Maruti Suzuki Q2 FY2025 Results: A Challenging Quarter