Select shares mixed after rejig in FTSE indices

Shares of nine companies included by index provider FTSE in its large-cap equity indices were mixed by 13:28 IST on BSE.

Zee Entertainment Enterprises (down 1.76%), Yes Bank (down 1.49%), Eicher Motors (down 1.04%), Aurobindo Pharmaceuticals (down 0.71%), Godrej Consumer Products (down 0.22%) and Shree Cement (down 0.18%), edged lower.

Cadila Healthcare (up 0.32%), Bosch (up 2.17%) and Motherson Sumi Systems (up 3.97%), edged higher.

Meanwhile, the S&P BSE Sensex was down 145.58 points, or 0.50% at 29,235.15.

Stock market index provider FTSE Group has added Bosch and raised the shares of eight other Indian companies to large-caps from mid-cap earlier in its Asia Pacific ex-Japan index.

FTSE's changes came after a semi-annual review of indices. Companies often see demand for their shares rise or fall after promotion or exclusion from indices, primarily due to funds tracking the indices in question or using them as benchmarks.

The changes in FTSE indices will be effective after the close of business on Friday, 20 March 2015 (i.e. on Monday, 23 March 2015).

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