Stocks

Tata Power to lose Sensex rank; Tata Motors DVRs in indices

Our Bureau Chennai | Updated on January 23, 2018 Published on May 22, 2015

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Tata Power will be out of the S&P BSE Sensex from June 22. Lupin will replace the company in the 30-share benchmark index, the BSE said in a press release.

Another power company Adani Power will also be out of the S&P BSE 100 and the S&P BSE Carbonex. For the first time, Tata Motors DVR (or Differential Voting Rights shares of Tata Motors) will enter the index pack. Along with Aurobindo Pharma, the DVR shares will enter the S&P BSE 100 index. In the Carbonex, Aurobindo Pharma will replace Adani Power.

In the BSE 200 index, Ajanta Pharma, Suzlon Energy, Dewan Housing, NCC and Tata Motors DVR will be the new entrants while Sanofi India, Hindustan Copper, Amtek Auto and Jaiprakash Power Ventures will be excluded. As many as 26 companies, including BGR Energy, Gujarat Narmada Valley, Graphite India, Nitin Fire, Uflex, TBZ, Ballarpur Ind, STC, Dhanlaxmi Bank, and Orchid Chemicals will be excluded from the BSE 500 index. Twenty seven companies will enter the BSE 500 index along with Tata Motors DVR from June 22.

The BSE is also excluding two lenders — Canara Bank and Bank of India — from the S&P BSE Bankex. They will not be replaced by any others.

Published on May 22, 2015
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