Stock market extends winning steak; PSU bank at new high
Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
Asia Index on Friday informed that lenders IndusInd Bank and Yes Bank will enter the 30-scrip sensitive S&P BSE Sensex from December 18, 2017.
According to Asia Index which is a 50-50 partnership between S&P Dow Jones Indices LLC and BSE, pharma majors Cipla and Lupin will exist the barometer after reconstitution.
The reconstitution exercise involves re-evaluation of the constituents of a particular index.
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It also incorporates addition and removal of stocks from the index and their re-ranking based on the current market situation.
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