Sensex Rejig November 2024: Zomato In, This Major Stock Out - BSE Update

In a significant development, the Bombay Stock Exchange (BSE) announced on November 22 that Zomato will be included in its benchmark Sensex index, replacing JSW Steel. This change will be effective from December 23, 2024.

The BSE also announced the reconstitution of other key indices, including the BSE SENSEX 50, BSE SENSEX NEXT 50, and BSE 100. Several stocks, including Ashok Leyland, PI Industries, IDFC First Bank, IRCTC, UPL, and APL Apollo Tubes, will be removed from the BSE 100 index and replaced by Jio Financial Services, Suzlon Energy, Adani Green Energy, Adani Power, Samvardhana Motherson, and PB Fintech.

In addition, HDFC Life, BPCL, and LTI Mindtree will be dropped from the BSE SENSEX 50 index, making way for Zomato, Jio Financial, and HAL. The BSE SENSEX NEXT 50 index will also change, with Zomato, HAL, Ashok Leyland, PI Industries, IDFC First Bank, IRCTC, UPL, and APL Apollo Tubes being removed and replaced by Adani Green Energy, HDFC Life, BPCL, LTIMindtree, Samvardhana Motherson, PB Fintech, Suzlon Energy, and Adani Power.

In other news, the Securities and Exchange Board of India (SEBI) has approved the appointment of Subhasis Chaudhuri as the Chairman of the BSE Governing Board. Furthermore, the BSE has announced the introduction of futures and options (F&O) contracts for 43 stocks, which will be available for trading from December 13, 2024.

These changes reflect the evolving dynamics of the Indian stock market and the increasing importance of technology and new-age companies. As Zomato joins the Sensex, it signifies the growing recognition of the food delivery platform's impact on the Indian economy.