BEL, Trent jumps 2% as both join Sensex; Nestle, IndusInd Bank out from this date
Sensex shake-up: Trent and Bharat Electronics join the elite 30-pack club; major shuffles across BSE indices ahead of June 23 rebalance
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02:14 PM IST
As the Asia index is braces itself for a key reshuffle, shares of retail giant Trent Ltd. and public sector unit Bharat Electronics Ltd. (BEL) saw a significant jump in trading on Friday, May 23.
Asia Index revealed that both companies will be added to the 30-stock BSE Sensex starting June 23, 2025.
Both new entrants saw buying interest on Friday, May 23, with Trent rising 2 per cent to Rs 5,448, and BEL gaining 0.5 per cent at Rs 385.25. Interestingly, despite their exclusion, Nestle India advanced 1.7 per cent to Rs 2,400.9, while IndusInd Bank inched up 0.7 per cent to Rs 789.95.
BSE 100 sees three fresh entries
The BSE 100 index is set to welcome new players like Dixon Technologies, Coforge, and Indus Towers, taking the place of Bharat Forge, Dabur India, and Siemens. This shift highlights the changing landscape of market capitalization and the growing investor interest in high-growth, tech-focused companies
Sensex 50 and Next 50 reshuffle in sync
In the latest shake-up of the BSE Sensex 50, InterGlobe Aviation (IndiGo) and Shriram Finance are making their entrance, while Britannia and Hero MotoCorp are taking their leave. Interestingly, the same five companies Britannia, Dixon, Coforge, Hero MotoCorp, and Indus Towers will find a spot in the BSE Sensex Next 50, stepping in to fill the gaps left by those being moved out of the main indices.
Bankex Reshuffle
One significant update is happening with the BSE Bankex index: IDFC First Bank is set to take the place of Canara Bank. This change highlights a growing preference for banks that are demonstrating stronger retail engagement and solid balance sheet growth.
Why these changes matter for investors
When indices change, it often prompts passive investors and mutual funds to reallocate their funds to keep up with the new benchmarks. Typically, stocks that are added to the Sensex experience a surge in buying activity as the inclusion date approaches. This reshuffle not only highlights the immediate market reactions but also mirrors the larger structural shifts happening in India's equity markets, especially the growing influence of innovative and consumer-focused companies.
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02:14 PM IST