JSW Steel Ltd. will replace Housing Development Finance Corp. on the S&P BSE Sensex from July 13, the exchange announced on Wednesday.
The merger of HDFC with its banking unit HDFC Bank, which has created the fourth largest lender in the world by market capitalisation, has resulted in the omission of India's largest mortgage lender from all BSE indices.
JBM Auto Components Ltd. will replace HDFC in the BSE 500 index, while Zomato Ltd. will replace it in the BSE 100.
The change on the Sensex follows Tuesday's announcement from the National Stock Exchange, which replaced HDFC with LTIMindtree Ltd. on the Nifty 50 index.
Here's a look at all the changes:
Apollo Hospitals Enterprise Ltd. to replace HDFC in Sensex 50.
Zomato to replace Apollo Hospitals Enterprise in Sensex Next 50.
APL Apollo Tubes Ltd. to replace HDFC in BSE 200.
Infosys Ltd. to replace HDFC in Greenex.
On Wednesday, shares of JSW Steel fell 0.54% to Rs 792.45 apiece on the BSE, even as the Sensex closed 33 points down, or 0.05%, at 65,446.04.
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