BSE Sensex Rejig: Adani Ports To Replace Wipro In June

Adani Ports and Special Economic Zone Ltd. will be included in the S&P BSE Sensex from June 24, replacing IT major Wipro Ltd. from the index, as part of the reconstitution of the S&P BSE indices.

The rejig comes on the back of a rally witnessed in shares of Adani Ports, that have nearly doubled in a year by surging about 95% during the period. The port operator's market capitalisation stands at Rs 3.06 lakh crore on the BSE, as of May 24.

Adani Ports' weightage in the index will be around 1.21%, as per NDTV Profit calculations. Wipro's weightage was 0.77%, among the lowest in the index.

The Asia Index Pvt. on Friday announced reconstitution results for its indices, which is effective from open on June 24. Asia Index is a 50-50 partnership between S&P Dow Jones Indices LLC and BSE Ltd.

As part of the semi-annual review, here are the rejigs of the other indices:

• Trent Ltd. to replace Divi's Laboratories Ltd. in Sensex 50. Trent shares have soared over 210% in just one year as compared to a 22% rise in the benchmark BSE Sensex during the period.

• REC Ltd., HDFC AMC, Canara Bank, Cummins India Ltd., and Punjab National Bank to be added in S&P BSE 100. These stocks will be replacing Page Industries Ltd., SBI Cards and Payment Ltd., ICICI Prudential Life Insurance Co., Zee Entertainment Enterprises Ltd. and Jubilant FoodWorks Ltd.

• In S&P BSE Bankex, Yes Bank and Canara Bank to replace AU Small Finance Bank Ltd. and IDFC First Bank Ltd.

The biggest revision in weights among the existing constituents will be seen by HDFC Bank Ltd., post reconstitution. The bank's weight in the 30-share index will fall by 0.06% to 13.14%, as per NDTV Profit calculations. Reliance Industries' revised weight will be around 11.62%, down 0.05%.

Disclaimer: NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.