Divis Labs gain 4%; FTSE adds in Asian indices

Moneycontrol Bureau

Divis Laboratories shares gained 4 percent intraday Friday after FTSE added the stock to its Asian Health Care Index with investible weightage of 30 percent.

The index service provider also added United Breweries in its Asian Food & Beverage Index with 26 percent investible weightage and NMDC (up 0.24 percent) in Asian Basic Resources Index with 20 percent weightage and Tech Mahindra (down 1.2 percent) with 24 percent investible weightage in its Technology Index, according to its website.

However, the firm deleted Axis Bank (up 1.85 percent) from its Asian Banks Index and Siemens India (up 1 percent) from Asian Technology Index and Wockhardt (up 4 percent) from its Health Care Index.

It also decided to remove Jaiprakash Associates (up 3.5 percent) from its Asian Construction & Materials Index, Shriram Transport Finance from Financial Services Index, BPCL from Oil & Gas Index and DLF from Property Index.

Meanwhile, the investability weightage of IDFC (up 1.4 percent) declined to 54 percent from 74 percent and in case of HDFC (down 0.7 percent), that increased to 100 percent from 74 percent earlier.

The above indices changes will be effective on Monday, 23 September 2013.

At 11:50 hours IST, shares of Divis Laboratories rose 1.93 percent to Rs 1,014.25 on the Bombay Stock Exchange.