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Axis Bank will replace Jindal Steel and Power among the 30 Sensex companies with effect from December 23, 2013.
Axis Bank and Jindal Steel are currently part of the Nifty. Axis Bank shares were up almost 3 per cent in early trade, while Jindal Steel and Power was also trading higher despite its exit from the Sensex. The stock was up 1.25 per cent.
Axis Bank will now join the list of banking stocks that form the Sensex including HDFC Bank, ICICI Bank and State Bank of India.
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