With norms under review, Adani group's Sensex dream may have to wait

BSE has proposed that a stock must have a derivative contract to be eligible for inclusion in the flagship 30-share Sensex index

Two firms belonging to the Adani group — India’s most valued conglomerate — are part of the Nifty 50 index. The group, however, has no representation in the Sensex. And it could stay this way if a proposed index qualification rule change gets approved.
 

Last week, Asia Index, a joint venture between S&P Dow Jones Indices and BSE responsible for index composition, floated a consultation paper where it proposed that a stock must have a derivative contract to be eligible for inclusion in the flagship 30-share Sensex index.
 

At present, at least 90 per cent of weightage of the Sensex