Asia Index Pvt Ltd, a S&P Dow Jones Indices and BSE joint venture, will reconstitute its stock indices with total 1,078 fresh additions, even as another 234 will be dropped, from September 21.
The reconstitution of indices is part of a semi-annual review, Asia Index said in a statement.
Of the total 1,078 additions on the indices, 253 stocks would be added to the S&P BSE MidSmallCap index, followed by 251 securities on S&P BSE AllCap index.
Among others, new stocks would be added on S&P BSE SmallCap (248), S&P BSE Industrials (74), S&P BSE Consumer Discretionary Goods & Services (70), S&P BSE Basic Materials (45), S&P BSE Information Technology (19) and S&P BSE MidCap (17) and S&P BSE LargeMidCap (15).
Meanwhile, 234 exclusions would take place on the indices, which would become effective "at the open of September 21, 2015".
As many as 51 stocks would be dropped from S&P BSE SmallCap, followed by 48 from S&P BSE MidSmallCap index.
S&P BSE AllCap (43), S&P BSE SmallCap Select Index (17), S&P BSE Finance (10) and S&P BSE Industrials (10) are some other indices which would see drops later this month.
Asia Index combines the benchmarks, market intelligence, and insights of both parent companies to provide a full array of indices enabling global and domestic investors to participate in South Asian markets.
