Essar Oil to be replaced by Satyam Computer on BSE-100 index

MUMBAI: Essar Oil is being moved out of the BSE's 100 index and would be replaced by Satyam Computer Services.

As per the changes announced today by the BSE, Essar Oil would be excluded from the BSE-100 index with effect from December 10, 2012.

In its place, Satyam Computer Services would be included in the index, the exchange said in a statement, while announcing a host of other changes decided by its executive management committee during a periodic review.

In addition, the bourse also decided to exclude scrips of five firms GVK Power & Infrastructure, Educomp Solutions, Amtek Auto, Ispat Industries and India Infoline from the BSE-200 index.

The scrips of Satyam Computer Services, Strides Arcolab, Ipca Laboratories, Multi Commodity Exchange of India and TTK Prestige would join the BSE-200 index.

The BSE-500 would see the exclusion of scrips of 16 firms, including Spice Mobiles, 3I Infotech and Ansal Properties & Infrastructure.

However, J K Cement, Religare Enterprises and Claris Lifesciences are among the 16 firms that would be included in the BSE's 500 index.

Besides, changes have also been made in various other indices of BSE. Sectoral indices for Consumer Durables, Capital Goods, IT, Oil and Gas, Realty and Power will also see some changes.