Rearrangement of Sensex stocks was much due: SP Tulsian

None of the Anil Ambani-group company will be on the Sensex from the August 8. Reliance Communications and Reliance Infrastructure will be dropped from the benchmark of 30-stock index, and Sun Pharma and Coal India will be the replacements.

Sun Pharma, CIL to replace RComm, Rel Infra on Sensex
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com gave his view on the rearrangement of the Sensex and what he expects from the ADAG stocks. Below is the verbatim transcript of the interview. Also watch the accompanying video. Q: Was this something that you were expecting?
A: Yes. Rearrangement of the Sensex was very much due for quite some time. The exercise has not taken place on a full scale at this stage. It is unfortunate for ADAG because four of their stocks exist in the Nifty, but none appear in the Sensex. Q: Do you expect a reshuffle in the Nifty as well? Last reshuffle in the Nifty was in October 2010 where stocks like Unitech were excluded.
A: Yes. Even in Nifty, the reshuffle is required. Some of the stocks like Sesa Goa, Reliance Communications, Reliance Infra, JP Associate and HCL Technology don