Important changes in S&P BSE Sensex, Adani Ports and Special Economic Zones (APSEZ) is set to join the prestigious 30-stock index, WiproThe change, effective Monday, is part of a semi-annual review conducted by S&P Dow Jones Indices.
Adani Ports' inclusion in the Sensex is a major milestone for the company. As one of India's leading port developers and operators, APSEZ has shown substantial growth in market value and operational performance.The company's ability to handle increasing cargo volumes and its strategic expansion have contributed to its growing prominence in the Indian market.
On the other hand, Wipro's exit from the Sensex highlights the dynamics and competitive nature of the index. Despite being a significant player in the IT sector, Wipro's recent market performance has not been enough to maintain its position among the top 30 companies listed on the Sensex.
Based on Nuvma's estimates, the inclusion of Adani Ports Special Economic Zone (APSEZ) is expected to lead to addition of 14.9 million shares as well as idle capital inflows of $259 million, said an Economic Times report.
In contrast, the exclusion of Wipro is expected to lead to outflows of about $170 million.
Over the past one year, Adani Ports shares have gained a remarkable nearly 98%, though they have retreated slightly from their 52-week high of Rs 1,621.40 on the NSE. The stock's performance has outpaced Wipro, which has delivered a return of 27% during the same period, the ET report said.
Just before market close, Adani Ports shares were trading at Rs 1,489.75 on the NSE, up Rs 20.35 or 1.38%. Wipro shares, on the other hand, were trading at Rs 491, down marginally by Rs 1.15 or 0.23%.
Market analysts are closely monitoring these developments, with some expecting a reallocation of funds by institutional investors to align with the new index composition. Given the index's important role as a benchmark for the Indian stock market, changes in the Sensex are expected to impact investment strategies and portfolio adjustments.
Adani Ports' inclusion in the Sensex is a major milestone for the company. As one of India's leading port developers and operators, APSEZ has shown substantial growth in market value and operational performance.The company's ability to handle increasing cargo volumes and its strategic expansion have contributed to its growing prominence in the Indian market.
On the other hand, Wipro's exit from the Sensex highlights the dynamics and competitive nature of the index. Despite being a significant player in the IT sector, Wipro's recent market performance has not been enough to maintain its position among the top 30 companies listed on the Sensex.
Based on Nuvma's estimates, the inclusion of Adani Ports Special Economic Zone (APSEZ) is expected to lead to addition of 14.9 million shares as well as idle capital inflows of $259 million, said an Economic Times report.
In contrast, the exclusion of Wipro is expected to lead to outflows of about $170 million.
Over the past one year, Adani Ports shares have gained a remarkable nearly 98%, though they have retreated slightly from their 52-week high of Rs 1,621.40 on the NSE. The stock's performance has outpaced Wipro, which has delivered a return of 27% during the same period, the ET report said.
Just before market close, Adani Ports shares were trading at Rs 1,489.75 on the NSE, up Rs 20.35 or 1.38%. Wipro shares, on the other hand, were trading at Rs 491, down marginally by Rs 1.15 or 0.23%.
Market analysts are closely monitoring these developments, with some expecting a reallocation of funds by institutional investors to align with the new index composition. Given the index's important role as a benchmark for the Indian stock market, changes in the Sensex are expected to impact investment strategies and portfolio adjustments.