Moreover, Grasim, Hindalco, HPCL, Jindal Stainless, KEI Industries, Deepak Nitrite, Shankara Building Products, Meghmani Organics, Tata Metailks and V-Mart will be added to BSE 50 index in place of Ambuja Cement, Aurobindo Pharma, Bosch, Rolta India, ...
The S&P BSE Sensex will drop pharma majors Lupin and Cipla to make way for private bankers, Yes Bank and IndusInd Bank, effective December 18, 2017, Asia Index Private, which manages the bourses notified the reconstitution on Friday.
The S&P BSE Sensex bounced back over 600 points from the low of 32,683 recorded last week but the momentum which D-Street gathered on Thursday and Friday has run out of steam despite a big upgrade from Moody's.
The S&P BSE Sensex rallied nearly 20 percent back in the year 2004 when Moody's upgraded India's country ceiling for foreign currency bonds as well as the government's foreign currency issuer rating to Baa3 from Ba1.
The S&P BSE Sensex which bounced back nearly 200 points is still down by about 1000 points after hitting a record high of 33,865.95 recorded earlier in the month on November 7. The index broke below its crucial support placed at 33,000.