Latest news with #BSESensex50
Time of India
23-05-2025
- Business
- Time of India
Trent, Bharat Electronics enter sensex, Nestle, IndusInd Bank make an exit
Asia Index, an arm of BSE, on Thursday said that effective June 23, Trent and Bharat Electronics will replace Nestle and IndusInd Bank in the sensex . The changes are part of the regular rebalancing process that various indices are subjected to. Asia Index also made changes to five more BSE indices: BSE 100, Sensex 50, Sensex Next 50, and the Bankex. In BSE 100, Dixon Tech, Coforge and Indus Towers will replace Bharat Forge, Dabur India and Siemens. Among the others, in Bankex, IDFC First Bank will replace Canara Bank. In the BSE Sensex 50 index, InterGlobe Aviation and Shriram Finance will be included, replacing Britannia Industries and Hero MotoCorp. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
22-05-2025
- Business
- Time of India
BSE Sensex rejig: BEL to replace IndusInd Bank, Tata Group's Trent to oust Nestle from June 23, 2025
BSE Sensex rejig: Tata Group's retail arm Trent is all set to replace FMCG giant Nestle India whilst defence PSU Bharat Electronics Limited (BEL) will replace IndusInd Bank in the BSE Sensex following the index rejig, which takes effect from June 23, 2025. Tired of too many ads? go ad free now The rejig for Sensex and additional indices were announced by BSE's fully-owned subsidiary Asia Index Private Limited after today's trading session. The removal of Nestle India from the index follows its poor stock performance. The FMCG company's share price has declined by approximately 5% in the previous year, falling behind Nifty's 9% gains during the same period. In contrast, Trent has surpassed the primary index, delivering 15% returns over the past 12 months. The defence sector PSU stock BEL has demonstrated even stronger performance with stability, achieving returns of 35% during the previous 12-month period. IndusInd Bank's share has declined more than 40% in the past year. The bank reported its first loss in 20 years, amounting to Rs 2,329 crore, alongside discovering a suspected internal staff fraud of Rs 172.58 crore, which was incorrectly recorded as fee income across three quarters. Consequently, analysts are downgrading the stock and reducing target prices. The BSE 100 index will undergo changes with Dixon Technologies (India), Coforge and Indus Towers being included, whilst Bharat Forge, Dabur India and Siemens will be removed. In the BSE Sensex 50 modification, InterGlobe Aviation, which operates Indigo airlines, will take Britannia Industries' position, and Shriram Finance will replace Hero MotoCorp.
