M&M replaces Hero Honda in Sensex

Utility vehicles manufacturer Mahindra & Mahindra will replace Hero Honda [ Images ] in the country's benchmark index Sensex from July 9.

The Index Committee of the Exchange, in its meeting held on May 25, has decided to revise the composition of BSE indices including those in Sensex, BSE-100, BSE-200, BSE-500 and two sectoral indices, a BSE circular said.

In the BSE-100 index nine new companies have been inducted in place of the outgoing stocks. The inclusions are of -- Aban Offshore [ Get Quote ], Biocon [ Get Quote ], Cairn India [ Get Quote ], Dish TV, Tech Mahindra [ Get Quote ] and Indiabulls Real Estate [ Get Quote ] among others.

Besides, in BSE-200 index 27 firms have been included in place of same number of exclusions from the index, the BSE circular said.

Among the sectoral indices, Karnataka Bank [ Get Quote ] and Yes Bank [ Get Quote ] have been included in the Bankex, Moser Baer [ Get Quote ] and Rolta (India) in BSE IT and BSE Teck indices.

Besides, Power Finance Corporation [ Get Quote ] has been included in the BSE PSU index and 10 other stocks have been included in the BSE Teck index.

Two companies -- Sundaram Fasteners and Tube Investments of India [ Get Quote ] have been removed from the BSE Auto index, while P&G Hygiene and Heathcare Ltd is dropped from BSE FMCG.

All the changes in the various indices are effective from July 9, it said.

The index committee has also made changes in the BSE-500 with 34 new inclusions replacing the excluded firms.

The 30 shares in the Sensex are:

ACC; Bajaj Auto [ Get Quote ]; BHEL; Bharti Airtel [ Get Quote ]; Cipla; Dr Reddy's Laboratories; Grasim Industries [ Get Quote ]; Gujarat Ambuja Cements [ Get Quote ]; HDFC [ Get Quote ]; HDFC Bank; Mahindar & Mahindra; Hindalco Industries [ Get Quote ]; Hindustan Lever [ Get Quote ] Limited; ICICI Bank [ Get Quote ]; Infosys [ Get Quote ]; ITC Limited; Larsen & Toubro; Maruti Udyog [ Get Quote ]; NTPC; ONGC [ Get Quote ]; Ranbaxy Laboratories [ Get Quote ]; Reliance Communications [ Get Quote ]; Reliance Energy [ Get Quote ]; Reliance Industries [ Get Quote ]; Satyam Computer Services [ Get Quote ]; State Bank of India [ Get Quote ]; Tata Consultancy Services [ Get Quote ]; Tata Motors [ Get Quote ]; Tata Steel [ Get Quote ]; Wipro [ Get Quote ].