Axis Bank replaces Jindal Steel in Sensex; stock up

Posted By:
Subscribe to GoodReturns

Axis Bank replaces Jindal Steel in Sensex; stock up
Axis Bank: Quotes, News
BSE 449.50BSE Quote1.95 (0.43%)
NSE 449.35NSE Quote2.25 (0.50%)
Jindal Steel & Power: Quotes, News
BSE 73.10BSE Quote1.7 (2.33%)
NSE 73.10NSE Quote1.85 (2.53%)
Axis Bank is now a part of the Sensex from today, replacing Jindal Steel. The stock was up 1.12 per cent in trade following the move.

The Bombay Stock Exchange had last month announced the shifting of the two stocks.

Axis Bank and Jindal Steel are currently part of the Nifty. Axis Bank will now join the list of banking stocks that form the Sensex including HDFC Bank, ICICI Bank and State Bank of India.

The weightage of banking stocks in the Sensex is also likely to increase following today's move.

Story first published: Monday, December 23, 2013, 10:19 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?