Private sector electricity producer Tata Power will move out of the stock market benchmark index Sensex and will be replaced by drugmaker Lupin.
Besides, Adani Power would be dropped from the S&P BSE 100 index, while various changes have been made to a host of other BSE indices as well.
The S&P BSE-100, an index of the top 100 listed companies in the country, would see Aurobindo Pharma and Tata Motors (DVR) coming in, while the S&P 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, Jaiprakash Power Ventures.
Incidentally, market watchdog Sebi is considering a new framework for regualating the index providers to put in place uniform set of guidelines for any changes in various indices.
The reconstitution in BSE indices will be effective from June 22, the exchange said in a statement.
Further, a host of changes have also been made in various other indices of BSE such as BSE 200 and BSE 500.
In addition, sectoral indices for bankex and Teck would also see some changes.
In the BSE 200 index, Suzlon Energy, Ajanta Pharma, Dewan Housing Finance Corp, NCC and Tatamotors-Dvr would be replaced by Sanofi India, Hindustan Copper, Amtek Auto and Jaiprakash Power Ventures.
Those being dropped from BSE 500 index include Ballarpur Industries, Tribhovandas Bhimji Zaveri, Orchid Chemicals, Dhanlaxmi Bank, Gitanjali Gems, Hinduja Global Solutions and State Trading Corp of India.
Sterling Holiday Resorts India, Ashoka Buildcon, Ashiana Housing, J Kumar Infraprojects, Force Motors, Can Fin Homes and Eveready Industries India would be included in the BSE 500 index.
The exchange has included Canara Bank and Bank of India in the banking index
Besides, CMC, MphasiS and Vakrangee would be dropped from Teck index, while Persistent Systems, KPIT Technologies, Hexaware Technologies and Eros International Media would be added in the index.
In March, realty major DLF and Naveen Jindal-led Jindal Steel & Power were dropped from the National Stock Exchange's benchmark index Nifty.
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