Market Beat     24-Jun-24
Reports
Adani Ports enters Sensex, Wipro exits as part of semi-annual rejig
Adani Ports today joined the S&P BSE Sensex pack, while Wipro exited the 30-stock index as part of the semi-annual rejig.

A domestic broker stated that the stock of Adani Ports would have received inflows worth $259 million. It estimated Wipro’s outflow to be $170 million.

As part of the rejig, seven stocks -- Bharti Airtel, Infosys, Kotak Mahindra Bank, ICICI Bank, Tech Mahindra, Tata Steel, and IndusInd Bank -- will likely see their weights go up in the index.

On the other hand, an equal number of stocks will see their weights go down in the index viz. Mahindra & Mahindra (M&M), Reliance Industries (RIL), Bajaj Finserv, HDFC Bank, Maruti Suzuki, ITC and Larsen & Toubro (L&T).

Conversely, the weights of Mahindra & Mahindra, Reliance Industries, Bajaj Finserv, HDFC Bank, Maruti Suzuki, ITC, and Larsen & Toubro will likely decrease within the index.

Previous News
  Wipro grants 90,290 RSUs
 ( Corporate News - 27-Jun-24   16:57 )
  Adani Ports announces change in CEO-Logistics
 ( Corporate News - 26-Jun-24   13:19 )
  Adani Ports features in honour list of Institutional Investor Asia Pacific (ex-Japan) Executive Survey
 ( Corporate News - 24-Jun-24   18:01 )
  Adani Ports enters Sensex, Wipro exits as part of semi-annual rejig
 ( Market Beat - Reports 24-Jun-24   11:50 )
  Four ports operated by Adani Ports feature in World Bank's Container Port Performance Index 2023
 ( Corporate News - 20-Jun-24   09:43 )
  Wipro to convene AGM
 ( Corporate News - 18-Jun-24   13:59 )
  Wipro and GBST forge strategic partnership in superannuation and wealth management space
 ( Corporate News - 18-Jun-24   09:14 )
  Hanesbrands expands partnership with Wipro
 ( Corporate News - 15-Jun-24   13:36 )
  Wipro collaborates with Hewlett Packard Enterprise
 ( Corporate News - 13-Jun-24   20:36 )
  Wipro announces strategic collaboration with Siemens
 ( Corporate News - 13-Jun-24   20:19 )
  Wipro Ltd gains for third consecutive session
 ( Hot Pursuit - 13-Jun-24   13:05 )
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