The BRICS TimesInterGlobe Aviation, known as IndiGo, will join the BSE Sensex 30-stock index starting December 22. Meanwhile, Tata Motors Passenger Vehicle Limited will exit this major index.
Important Month for IndiGo
The month of December brings big news for the Indian stock market and IndiGo Airlines. The country’s largest carrier, InterGlobe Aviation, will join the BSE Sensex on December 22. This index tracks the top 30 companies. Consequently, Tata Motors Passenger Vehicle Limited is leaving the Sensex list. Media reports state that BSE Index Services Private Limited made this decision recently. This change is part of a periodic restructuring of the indexes. The changes become effective from Monday, December 22.
What Changes Are Happening?
Apart from IndiGo joining the 30-share BSE Sensex, there are other major updates. The committee decided to add IDFC First Bank Limited to the BSE 100 index. At the same time, Adani Green Energy Limited will exit that list. Additionally, Max Healthcare Institute Limited will now join the Sensex 50 index. However, IndusInd Bank has been removed from the Sensex 50.
Adjustments in Next 50 Index
Further changes include moving IndusInd Bank and IDFC First Bank to the BSE Sensex Next 50. On the other hand, Max Healthcare Institute and Adani Green Energy will leave this specific group. These shifts reflect the changing market value of these companies.
Surge in IndiGo Shares
Investors showed interest in IndiGo shares on the last trading day of the week. On Friday, November 21, InterGlobe Aviation shares saw a significant jump. The stock closed at Rs 5840.25 on the BSE. This was a gain of 0.92 percent or Rs 53.40. During the day, the share price touched a high of Rs 5871.65. The lowest point recorded was Rs 5757.00. Looking at the yearly performance, the 52-week high stands at Rs 6225.05. On the NSE, the stock ended the day at Rs 5835.00. This marked a rise of 0.86 percent or Rs 49.50.
