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BSE Joins Nifty 50, Wipro Exits; Deals, Approvals in Focus

BSE Joins Nifty 50, Wipro Exits; Deals, Approvals in Focus
Buzzing stocks: BSE, Wipro, TCS, HCLTech, BEL, Lupin among 20+ stocks in focus today · thehindubusinessline.com

Every six months, India's big stock market changes which companies are on its most important list.

This time, a company called BSE will join the top list, called the Nifty 50, and a technology company called Wipro will move off it.

Two other big technology companies, TCS and HCLTech, are checking claims from a hacker group who said some employee information might have been exposed.

The companies say they found no evidence that customer information or their main computer systems were broken into.

A medicine company called Lupin got permission from the United States to sell a medicine that helps people whose bodies have too much potassium.

A hotel company called Lemon Tree Hotels is planning new hotels in Himachal Pradesh and Tamil Nadu.

A big Canadian pension fund wants to invest up to ₹3,000 crore in another hotel company for a stake of up to 28 percent.

Some defence companies got big new orders, including simulators for the Indian armed forces and communication equipment.

Taken together, these announcements show many Indian companies making big business moves at the same time.

Key facts

Nifty 50 reshuffle
BSE replaces Wipro, effective September 30
Wipro's new index
Nifty Next 50
Nifty 100 additions
Hitachi Energy India, Polycab India, Vedanta Aluminium Metal, Vodafone Idea
Lupin FDA approval
Sodium Zirconium Cyclosilicate Oral Suspension, 5 g and 10 g packets
CPPIB-PHVL deal
Up to ₹3,000 crore investment for up to 28% stake
BEL orders
₹541 crore in additional orders
Zen Technologies contract
₹295 crore simulators order from Ministry of Defence
Krystal consortium orders
₹740.06 crore sewage treatment and sewer network contracts from Maharashtra

Sources

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