Defying the weak broader market sentiment, shares of Sun Pharmaceutical and Coal India rose by 3% each on the BSE today, after the exchange said it would include the two stocks in the BSE Sensex from August 8, 2011.
Shares of Sun Pharma touched an early high of Rs 493 on the Bombay Stock Exchange (BSE), while Coal India touched an early peak of Rs 405.95, both up 3% from their previous close.
Coal India and Sun Pharma will replace two Anil Ambani group firms -- Reliance Infrastructure and Reliance Communications -- in Sensex from August 8, 2011.
The announcement was made after the market hours on Friday.
Coal India shares have been doing well since the company was listed in November last year and is the second most valued firm after Reliance Industries.
Meanwhile, the BSE crucial index Sensex was trading down by 202.26 points at 17,668.27 at 12.04 pm.
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