India's Adani Ports and Unique Financial Zone will change Wipro in the 30stock bluechip S&P BSE Sensex, the operator of the index stated on Friday.

The BSE, in its semi-annual rebalancing exercise, included the country's largest personal port operator, making it the first Adani Group company to join the Sensex, efficient June 24.

The Sensex ended the session soft ahead of the announcement.

2 Adani Group business - Adani Enterprises and Adani Ports are currently part of the other benchmark index NSE Nifty 50.

Adani Ports could see inflows of $252 million after inclusion into the Sensex, while Wipro will likely witness outflows worth $161 million, stated Abhilash Pagaria, head of Nuvama Option and Quantitative Research.

Adani Ports' addition into the Sensex came on the very same day when shares of Adani Enterprises recovered in intraday trade to levels last seen in January 2023, before a report by Hindenburg Research study set off a sell-off in Gautam Adani's ports-to-power corporation.

Since that report, Adani Ports and Adani Power have actually been the best-performing group stocks, increasing 86.04% and 157.4%, respectively. They were likewise the very first 2 Adani companies to bounce back from the drop. Previously in May, Adani Ports published a 76% rise in its fourth-quarter revenue, assisted by record freight volumes.

Its stock has actually leapt 6% today, its best weekly performance given that early February.

The Sensex rejig, REC, HDFC Asset Management, Canara Bank, Cummins India and Punjab National Bank have actually been consisted of in the BSE 100 index.

The stocks replaced because index are Page Industries , SBI Cards and Payment Solutions, ICICI Prudential Life Insurance, Jubilant FoodWorks and Zee Entertainment Enterprises.