JSW Steel to replace HDFC in Sensex from Jul 13

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NEW DELHI: JSW Steel Ltd will replace Housing Development Finance Corporation in the 30-share S&P BSE Sensex from July 13...

In a release on Wednesday, Asia Index Pvt Ltd said that HDFC will be replaced by JSW Steel in the Sensex...

In S&P BSE 500, JBM Auto Components Ltd will replace HDFC and in S&P BSE 100, Zomato will be included in place of the mortgage lender...

Asia Index Pvt Ltd is an equal partnership between S&P Dow Jones Indices LLC, the world's largest provider of financial market indices, and BSE, Asia's oldest stock exchange...

The $40-billion merger, the largest such deal in Indian corporate history, is driven by a changing regulatory landscape, which limited the advantages for HDFC continuing as a non-bank lending entity..

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