Private sector lenders -- IndusInd Bank
and Yes Bank
-- will make an entry in the BSE's benchmark index from December 18, Asia Index said on Friday.
Drug makers -- Cipla
-- will be dropped from the index.
The changes are announced by Asia Index, a joint venture between S&P Dow Jones Indices LLC and BSE.
The move is a part of Asia Index's semi-annual reconstitution results.
"Effective at the open of Monday, December 18, 2017, ...changes will be made," the index provider noted.
The BSE-100, an index of the top 100 listed companies in the country will see Federal Bank, Grasim Industries, Vakrangee Ltd and Bajaj Holdings & Investment coming in.
However, United Breweries, Steel Authority of India Ltd (SAIL), Canara Bank and Reliance Infrastructure will move out from the BSE-100 index.
Besides, changes have been announced in Sensex
Next 50, BSE
200 and BSE
500, among others.
Grasim Industries, Hindalco Industries, Hindustan Petroleum Corp Ltd (HPCL) will join the Sensex
50 index, replacing Ambuja Cements, Aurobindo Pharma and Bosch.