Adani Ports To Be Included In BSE Sensex From June 24

Adani Ports & Special Economic Zone is in the business of development, operations, and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi-product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra. It is the largest port developer and operator in India. The company has a total market capitalization of Rs.3.15 Lakh crores.

Adani Ports in Sensex from June 24

Shares of Adani Ports & Special Economic Zone (APSEZ) are set to commence trading on the BSE Sensex starting June 24, following a scheduled index rejig. This adjustment will see Adani Ports replacing Wipro on the index. Consequently, Wipro’s shares will be excluded from the Sensex. The necessary adjustments for this change are being implemented today, June 21. This inclusion marks a significant development for Adani Ports, reflecting its growing prominence in the Indian market. Meanwhile, Wipro’s exclusion signals a shift in the composition of the Sensex, which is periodically rebalanced to ensure it accurately represents the leading companies in India’s economy.

Adani Ports to see Inflows worth $259 Million

Market expectations indicate that shares of Adani Ports are likely to receive inflows of $259 million as part of the index adjustment. Conversely, shares of Wipro are expected to see outflows of $170 million due to their exclusion from the BSE Sensex. This adjustment reflects the anticipated financial impact on both companies following the index rejig.

Conclusion: The index adjustment involving Adani Ports and Wipro signifies a notable shift in the BSE Sensex composition. Adani Ports is expected to benefit significantly, with projected inflows worth $259 million, highlighting investor confidence in its market performance and growth potential. On the other hand, Wipro is likely to face outflows of $170 million due to its exclusion, reflecting the dynamic nature of index rebalancing. This change underscores the importance of staying updated with market developments and the evolving landscape of major indices. The stock of Adani Ports currently trades at Rs.1,478.50 a piece up by 0.6% from its previous day’s closing price.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.