BSE to make replacements in mid- and small-cap indices

The Bombay Stock Exchange (BSE) today said it has decided to make replacements in both its Mid-Cap and Small-Cap indexes as a part of its periodic review.

The revisions will come into effect from July 13, a BSE release said here.

The five firms to be excluded from the BSE Mid-Cap index are Advanta India, Lakshmi Overseas Industries, Shah Wallace & Company, Shrishti Infrastructure Development Corp and Zee News.

The new inclusions will be Glenmark Pharma, Nagarjuna Fertiliser & Chem, Novartis India, Peninsula Land, REI Six Ten Retail, Reliance Industrial Infrastructure and State Trading Corporation of India, the release said.

From the BSE Small-Cap index, 27 companies will be excluded, while 29 new ones would be added.

Some of the ones to be excluded are Accel Frontline, Apollo Sindhoori Capital Investment, Balaji Distilleries, Bang Overseas, Hinduja Foundries, IOL Netcom, Nagarjuna Fertiliser & Chem, Novartis India, Pennisula Land, Reliance Industrial Infrastructure, STC, and Vishal Retail, among others.

Among the new inclusions would be Advanta India, Ajmera Realty & Infra India, Bhagyanagar India, Binani Industries, Goodricke Group, KGN Industries, KLG Systel, KNR Constructions, Nagarjuna Agrichem, Philips Carbon Black, Shaw Wallace & Co, Shrishti Infra Dev Corp, Surana Industries, TIL, Welspun India and Zee News, among others.