Tata Group-owned Trent will replace FMCG major Nestle India while state-run Bharat Electronics Limited (BEL) will oust IndusInd Bank from the BSE Sensex as part of the index rejig which becomes effective from June 23, 2025.
BSE’s wholly owned subsidiary Asia Index Private Limited today announced the reconstitution results for Sensex and other indices after market hours.
Nestle India’s exit from the index comes after a period of underperformance in the stock. The FMCG stock has seen its price erode by nearly 5% over the past 1 year, underperforming Nifty which has delivered 9% returns in the same period. Meanwhile, Trent has outperformed the headline index with 15% returns in the past 12 months.
More to come…
