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BSE Rejig: Trent, Bharat Electronics Shares Rise on Entry Into Sensex

Trent and Bharat Electronics will enter the 30-stock Sensex, replacing Nestle and IndusInd Bank

BSE indices rejig

Asia Index Pvt Ltd, a joint venture between BSE Ltd and S&P Dow Jones Indices, has announced a major reshuffle across several of its benchmark indices, set to take effect at the start of trading on June 23. As part of the rejig, Trent and Bharat Electronics are set to enter the 30-stock BSE Sensex index, replacing Nestlé India and IndusInd Bank.

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Buoyed by the news, shares of Trent and Bharat Electronics surged up to 3% to their day's high.

Meanwhile, the broader BSE 100 index will also see three fresh entrants- Dixon Technologies, Coforge, and Indus Towers. These will replace Bharat Forge, Dabur India, and Siemens.

In addition, changes are also in store for the BSE Sensex 50, where IndiGo operator InterGlobe Aviation and Shriram Finance will be included. As a result, Britannia Industries and Hero MotoCorp will be dropped from the index.

Interestingly, those exiting will now feature in the BSE Sensex Next 50, alongside Dixon Technologies, Coforge, and Indus Towers. This means that InterGlobe Aviation, Shriram Finance, Bharat Forge, Dabur India, and Siemens will be moving out of the Sensex Next 50 lineup.

The BSE Bankex will also undergo a change, with IDFC First Bank stepping in to replace Canara Bank.

These periodic index rejigs are closely watched by market participants, as they often trigger shifts in fund flows. Exchange-traded funds (ETFs) and mutual funds tracking these indices typically rebalance their portfolios to reflect the updated compositions. For investors, these changes offer a snapshot of evolving market dynamics and highlight companies gaining traction in the eyes of institutional investors.

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