Steel major JSW Steel is set to replace HDFC on the S&P BSE Sensex-30 index July 13 onwards. The rejig comes in the wake of HDFC’s shares being delisted from the exchanges as a result of the HDFC-HDFC Bank merger. Nuvama Alternative & Quantitative Research projected that JSW Steel will see passive inflows of around $145 million.
Other BSE indices will also see a change as a result of the merger. As JSW Steel moves to the premier 30-share Sensex index, Zomato shares will enter the S&P BSE 100 index, while JBM Auto Components will be included in the BSE 500 index. Apollo Hospitals will enter the BSE Sensex 50 index in place of HDFC, while Zomato will replace Apollo Hospitals Enterprise in the BSE Sensex Next 50 index.