JSW Steel to replace HDFC in Sensex from Jul 13
JSW Steel Ltd will replace Housing Development Finance Corporation in the 30-share S&P BSE Sensex from July 13. The replacement comes in the wake of HDFC getting merged with HDFC Bank. In a release on Wednesday, Asia Index Pvt Ltd said that HDFC will be replaced by JSW Steel in the Sensex. There will also be changes in other S&P BSE indices due to the amalgamation. In S&P BSE 500, JBM Auto Components Ltd will replace HDFC and in S&P BSE 100, Zomato will be included in place of the mortgage lender. Among other indices, Apollo Hospitals Enterprise Ltd will come in place of HDFC in S&P BSE Sensex 50. Asia Index Pvt Ltd is an equal partnership between S&P Dow Jones Indices LLC, the world’s largest provider of financial market indices, and BSE, Asia’s oldest stock exchange.