May 26: The Index Committee of the Stock Exchange has decided to review the stock market indices and will make some changes that will be effective from July 09, 2007. It was decided in a general meeting held on Friday May 25, in Mumbai, that new indices will be incorporated. There will be some major changes in all sorts of listing, said a BSE circular. The changes will be held in BSE Sensex, BSE-100, BSE-200, BSE-500 and two sectoral indices.
Mahindra & Mahindra will replace Hero Honda in the utility vehicle section in Sensex index, the top indices of the BSE, while Sundaram Fasteners and Tube Investments of India will be dropped from the BSE Auto index.
Nine new companies will be listed in the BSE-100 index. Aban Offshore, Biocon, Cairn India, Dish TV, Tech Mahindra and Indiabulls Real Estate are the major changes along with three other companies. Dish TV and Indiabulls Real Estate will be added for the first time in this list within a short duration due to their extraordinary market performance.
In the BSE-200 index 27 new companies will replace the same number of companies while the 34 new firms will replace other firms in BSE-500 index. All the changes will be effective from July 09, 2007.
In the sectoral revision, Karnataka Bank and Yes Bank will be included in the Bankex sectoral indices while Power Finance Corporation will be included in BSE PSU indices. Besides this Moser Baer will be included in the BSE IT indices. While as P&G Hygiene and Healthcare ltd will be removed from BSE FMCG index, and 10 new stocks including Rolta (India) will be added in the BSE Tech index.
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