In the early trade (at 9.43 am), shares of Vedanta and Hindalco were trading 2.36 per cent and 2.59 per cent down at Rs 90.95 and Rs 75.30, respectively. (Express Photo)
Vedanta and Hindalco share price were under pressure in the early trade on Monday after the announcement by the BSE on Friday that both of these companies will shift out of the BSE benchmark Sensex from December 21.
In the early trade (at 9.43 am), shares of Vedanta and Hindalco were trading 2.36 per cent and 2.59 per cent down at Rs 90.95 and Rs 75.30, respectively.
Both of these companies will be replaced by Adani Ports and Special Economic Zone and Asian Paints. Cheering the news, shares of Adani Ports and Asian Paints were trading 2.87 per cent and 2.20 per cent up at Rs 277.50 and Rs 845, respectively.
The benchmark index BSE Sensex was almost flat at 25,881.90 at the same time.
Besides, three firms — NHPC, Jaiprakash Associates and Unitech — would be dropped from the BSE 100 index as well as S&P BSE Carbonex, while various changes have also been made to a host of other BSE indices as well. NHPC shares were down 0.79 per cent, while Jaiprakash Associates and Unitech were up 0.46 per cent and 1.41 per cent, respectively.
The BSE-100, an index of the top 100 listed companies in the country, would see the inclusion of – Britannia Industries, Bharti Infratel and Motherson Sumi Systems. Shares of Britannia Industries, Bharti Infratel and Motherson Sumi Systems were up 0.60 per cent, 0.70 per cent and 0.67 per cent, respectively, in the early trade.
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