BSE to reshuffle different indices from December 23

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BSE to reshuffle different indices from December 23
Bombay Stock Exchange (BSE), the foremost Stock Exchange in Asia, yesterday through its circular notified changes in the different indices that will be effected from December 23, 2013. The notice also stated " Change in constituents is made on the basis of guidelines governing inclusion and exclusion of companies from S&P BSE Indices."

To this effect, the exchange informed about the likely rejig in the different indices. In case of S&P BSE Sensex, AXIS Bank will be included while Jindal Steel & Power Ltd. will be excluded. In the S&P BSE 100 index, the exchange shall include Aditya Birla Nuvo Ltd. while exclude Suzlon Energy Ltd.

BSE also shall exclude Union Bank from the S&P BSE BANKEX. The S&P BSE TECK shall also be rearranged with exclusion of Vakrangee Softwares Ltd.; FINANC TECHN; Eros International Media Limited; Navneet Publications (India) Ltd; GTL Infrastructure Ltd; and OnMobile Global Ltd. The stocks that shall be included in the index comprise Hexaware Technologies Ltd., Indian Infotech And Software Ltd.,PVR Ltd., Finolex Cables Ltd and Just Dial Ltd.

Likewise, S&P BSE 200 and S&P BSE 500 indices shall be rejigged with inclusion and exclusion of some of the stocks. However, no changes shall be made in S&P OIL & GAS Index.

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