Adani Ports and Special Economic Zone and Asian Paints rose 2.07% to 2.74% at 9:57 IST on BSE as these two scrips will replace Hindalco Industries and Vedanta from the 30-share S&P BSE Sensex with effect from 21 December 2015.
Adani Ports and Special Economic Zone (up 2.74% at Rs 277.15) and Asian Paints (up 2.07% at Rs 844) edged higher. Hindalco Industries (down 2.46% at Rs 75.40) and Vedanta (down 2.2% at Rs 91.10) edged lower.
Meanwhile, the S&P BSE Sensex was unchanged at 25,867.98.
Asia Index, a 50:50 joint venture between S&P Dow Jones Indices LLC and BSE on Friday, 20 November 2015, announced semi-annual reconstitution of S&P BSE indices. As part of the reconstitution, Adani Ports and Special Economic Zone (APSEZ) and Asian Paints will replace Hindalco Industries and Vedanta from the 30-share S&P BSE Sensex with effect from 21 December 2015.
APSEZ, a part of the Adani Group, is India's largest private port operator. On consolidated basis, APSEZ's net profit rose 16.4% to Rs 667.46 crore on 27.3% growth in net sales to Rs 1819.90 crore in Q2 September 2015 over Q2 September 2014.
Asian Paints is India's leading paint company and ranked among the top ten decorative coatings companies in the world. Asian Paints' net profit rose 11.9% to Rs 364.48 crore on 2.3% growth in net sales to Rs 3020.14 crore in Q2 September 2015 over Q2 September 2014.
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