Adani Ports today joined the S&P BSE Sensex pack, while Wipro exited the 30-stock index as part of the semi-annual rejig.
A domestic broker stated that the stock of Adani Ports would have received inflows worth $259 million. It estimated Wipro’s outflow to be $170 million.
As part of the rejig, seven stocks -- Bharti Airtel, Infosys, Kotak Mahindra Bank, ICICI Bank, Tech Mahindra, Tata Steel, and IndusInd Bank -- will likely see their weights go up in the index.
On the other hand, an equal number of stocks will see their weights go down in the index viz. Mahindra & Mahindra (M&M), Reliance Industries (RIL), Bajaj Finserv, HDFC Bank, Maruti Suzuki, ITC and Larsen & Toubro (L&T).
Conversely, the weights of Mahindra & Mahindra, Reliance Industries, Bajaj Finserv, HDFC Bank, Maruti Suzuki, ITC, and Larsen & Toubro will likely decrease within the index.