Lupin to replace Tata Power on Sensex from June 22

Since announcement, shares of Tata Power have lost nearly 5%, while Lupin gained 4.6%

Drugmaker Lupin will replace private sector electricity producer Tata Power on the BSE benchmark index Sensex from tomorrow.

Since May 22, when the announcement was made by BSE, shares of Tata Power have lost nearly 5%, while Lupin gained 4.6%.

Besides, a host of changes would also be effective in various other indices, where Adani Power would be dropped from the BSE 100 index.

The BSE-100, an index of the top-100 listed companies in the country, would see Aurobindo Pharma and Tata Motors (DVR) coming in, while BSE-200 would get five new entries -- Ajanta Pharma, Suzlon Energy, Dewan Housing, NCC India and Tata Motors (DVR).

Those moving out of BSE-100 include Sanofi India, Hindustan Copper, Amtek Auto and Jaiprakash Power Ventures.

The reconstitution in BSE indices will be effective from June 22, BSE had said in a statement last month.

Further, a host of changes would also be effective in various other indices such as BSE 200 and BSE 500.