Sun Pharma replaces Satyam in Sensex

Agencies Tags : markets, india, satyam, sensex, sun pharma Posted: Thursday , Jan 08, 2009 at 1829 hrs Mumbai:

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The Bombay Stock Exchange on Thursday said it will replace Satyam Computer with Sun Pharmaceutical in its benchmark index Sensex with effect from January 12.

Satyam would also be removed from various other indices like BSE-100, BSE 200, BSE-500 and BSE Teck and BSE IT index, the exchange said in a statement.

"Trading members of the exchange are hereby informed that the replacements would be made with effect from January 12, 2009," the statement added.

Further, GlaxoSmithkline Pharmaceuticals would replace Satyam in the BSE 100 index, while the IT firm would be replaced by Castrol India in the BSE 200 index.

Meanwhile, Cadila Healthcare replaces Satyam Computer in the BSE-500 index.

The statement by the exchange comes a day after the NSE said it would strike off Satyam from its benchmark index Nifty with effect from January 12.

The National Stock Exchange has removed the company from various other indices like the CNX 100, S&P CNX 500, CNX IT and the CNX Services sector index.

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