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BSE revises composition of sectoral indices, PSU index

Our Bureau

Mumbai, June 17 The Bombay Stock Exchange has revised the composition of the sectoral indices and the BSE PSU index. The BSE has 13 sectoral indices that measure the performance of different segments of the economy through movement of the stock prices of the leading companies.

Effective July 28

Last Friday, the BSE had revised Sensex, BSE 100, BSE 200 and BSE 500 indices. Revision in the BSE sectoral indices would be effective from July 28, said a BSE release issued on Monday. State Trading Corporation has been also included in the BSE PSU index with effect from June 23. The composition of the BSE Capital Goods index has undergone maximum change with six companies included and two getting excluded. Six companies included in the BSE Capital Goods index are Gammon India, Reliance Industrial Infrastructure, Usha Martin, Walchandnagar Industries, Everest Kanto Cylinders and Bharat Bijlee.

Kirloskar Brothers and Kirloskar Oil Engines have been excluded from the Capital Goods index. In the BSE Bankex index, IDBI Bank and IndusInd Bank have been included while Andhra Bank has been excluded. Orbit Corporation will replace Puravankara Projects in the BSE Realty index. In the recently constituted BSE Power index, Lanco Infratech and Neyveli Lignite Corporation have been included and RPG group-owned CESC Ltd and Areva T&D India have been excluded.

GlaxoSmithkline has been excluded from the BSE FMCG index, whereas Colgate and Ruchi Soya have been included. From the Metal Index four companies have been excluded and the two fresh entrants are NMDC Ltd and Jai Corp Ltd. The companies exiting the index are Bhushan Steel, Jindal Steel, Maharashtra Seamless, Shree Percoated Steels.

NIIT Technologies has been excluded from the BSE IT and BSE TECk indices. Bajaj Auto has been included in the BSE Auto index, after the demerger of its financial services arm into a separate company. TVS Motors Ltd has been excluded from the Auto index. Aventis Pharma and Fortis Healthcare have been excluded from the Healthcare index.

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