Sensex semi-annual review announcement soon; here is what may change

The 30-stocks BSE Sensex index comprising the most actively traded and largest stocks is due for semi-annual review in June. The announcement of the same can be made on Friday (May 24, 2024), whereas the change will be made effective from June 21. According to IIFL Alternative Research, Wipro, the IT services major, is seen exiting the headline index. The counter has underperformed the broader BSE IT index over a 1-year period and delivered 17.7 per cent return as against BSE IT index return of 19.75 per cent.

In its place, the coveted spot is estimated to be taken over by Adani Group’s flagship company Adani Enterprises. Notably, this shall be the first Adani Group company to be included in the benchmark equity index. Adani Enterprises and Adani Ports and Special Economic Zone are among the Adani Group companies that are already part of the Nifty 50 index.

Further as per the preliminary calculation done, Wipro’s exit is likely to result in passive outflow to the tune of Rs 500 crore, while Adani Enterprises inclusion is set to bring in foreign inflows of Rs 1,000 crore.

BSE-100 index likely rejig

Further, besides the Sensex, the broad-based index- the BSE-100 previously referred to as te BSE National index is also expected to see a rejig. The index launched in 1989 has a base year as 1983-84. The index adhering to the global standards was accommodated in the free-float methodology in 2004.

Likely changes in BSE 100 index

Inclusion                 Exclusion
Jio Financial       Page Industries
Adani Green          SBI Cards
REC                          ICICI Pru Life
Adani Power        Zee Entertainment
Adani Energy       Jubilant Foodworks