Stock market ends five-day winning streak
At close, Sensex was down 609.28 points, or 0.82%, at 73,730.16. Meanwhile, Nifty opened higher at 22,620.40 and touched a low of 22,419.90 in intraday trades.
BSE on Friday said that it will reconstitute its barometer 30-scrip sensitive index — S&P BSE Sensex — by adding Kotak Mahindra Bank and Tata Motors' DVR from June 19.
Accordingly, the firm in a circular said that it will drop Gail India from the S&P BSE Sensex.
The reconstitution results were announced by Asia Index Private Ltd which is a 50-50 partnership between S&P Dow Jones Indices LLC and the BSE. The company is best known for calculating, publishing, and maintaining a diverse family of Asian indices under the umbrella brand, S&P BSE Indices.
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