Sensex sees rebalancing adjustments today; Zomato, Sona BLW Precision, Macrotech and Clean Science to witness inflows
The 30-share Sensex will see rebalancing adjustments today.
The 30-share Sensex will see rebalancing adjustments today. The adjustments will see Bengaluru-based IT major replacing auto giant Bajaj Auto in the 30-sahre index. This reshuffling will see Wipro bringing in estimated $154 million on board, while outgoing Bajaj Auto is expected to see $69miliion inflows, as per Zee Business TV report.
Infosys, Reliance Industries, HDFC Bank, ICICI Bank and HDFC will see weight reduction with outflows of $17.4 million, $9.1 million, $6.7 million, $5.4 million and $5.3 million, respectively.
Similarly, Zomato, Sona BLW Precision, Macrotech and Clean Science are likely to see $54 million, $36 million, $20 million and $11 million worth of inflows as part of the FTSE rebalancing.
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This rebalancing will ICICI Lombard, SBI Cards, LIC Housing Finance and Aditya Birla Fashion increasing their weight in the index. Likewise, Infosys, Reliance Industries Limited (RIL), HDFC AMC, HDFC Limited and Tata Consultancy Services (TCS) will see weight reduction
Earlier in November, the BSE’s arm Asia Index has said that Wipro will replace Bajaj Auto in the 30-share Sensex as part of a semi-annual rebalancing exercise. This will take effect from December 20.
Stock indices are rebalanced semi-annually and quarterly based on the performance of the constituents and other eligible listed stocks. The December review takes into consideration market cap and turnover data from 1 May to 31 October to determine the stocks to be included and excluded from the index,
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