Effective June 24, Adani Ports and Special Economic Zone (SEZ) will become part of the elite members of the S&P BSE Sensex, an important addition to the index. In the same session, the BSE benchmark will witness an exit by a member, as declared by Asia Index Pvt. Ltd. on Friday through the results of reconstitution.
Reviewing the market performance, the shares of Adani Ports and Special Economic Zone were down 1.83 per cent on Friday, closing at Rs 1,416.90 a piece. An interesting update from IIFL Alternative Research earlier this week suggested a possibility of Adani Enterprises replacing Wipro in the benchmark Sensex.
Meanwhile, there was significant movement in the shares of companies that are part of the Adani Group on Friday. Adani Enterprises was comparatively stable, trading nearly flat at Rs 3,381 on the BSE. Adani Green Energy was up 1.8 per cent, Adani Total Gas had jumped 2.5 per cent, and Adani Energy Solutions was up 0.50 per cent.
Against this backdrop, Indian share indices remained largely range-bound on Friday. The Sensex closed at 75,410, down by 7 points, while the Nifty.
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