Description

BSE announces comprehensive reconstitution across multiple indices including BSE 500, MidCap, SmallCap indices with additions and deletions of various stocks.

Summary

BSE announces comprehensive reconstitution of multiple indices effective September 22, 2025. The changes affect BSE 500, BSE 150 Midcap Index, BSE 250 SmallCap Index, BSE 250 LargeMidCap Index, BSE 400 MidsmallCap Index, BSE MidCap Select Index, BSE SmallCap Select Index, and BSE AllCap indices with numerous stock additions and deletions.

Key Points

  • Effective date: September 22, 2025
  • Multiple BSE indices undergoing reconstitution simultaneously
  • Siemens Energy India Ltd (544390) being added to multiple indices
  • Significant changes in BSE MidCap Select and SmallCap Select indices
  • Anupam Rasayan India Ltd being removed from multiple indices
  • Index changes will impact passive fund flows and portfolio rebalancing

Index Changes Summary

BSE 500:

  • Add: Siemens Energy India Ltd (544390)
  • Drop: Anupam Rasayan India Ltd (543275)

BSE MidCap Select Index (Major Changes):

  • Additions: Fortis Healthcare, Max Financial Services, GMR Airports, One 97 Communications (Paytm), Page Industries, Torrent Power
  • Deletions: CG Power, Lupin, Torrent Pharmaceuticals, Cummins India, Indian Hotels, Max Healthcare

BSE SmallCap Select Index (Extensive Reconstitution):

  • 18 additions including PNB Housing Finance, Reliance Power, Amber Enterprises, Five-Star Business Finance
  • 18 deletions including HFCL, Sonata Software, Birlasoft, PVR Inox, NATCO Pharma

Important Dates

  • Effective Date: September 22, 2025
  • Announcement Date: September 5, 2025

Impact Assessment

Market Impact:

  • Passive funds tracking these indices will need to rebalance portfolios
  • Stocks being added may see buying pressure from index funds
  • Stocks being deleted may face selling pressure
  • Trading volumes likely to increase around effective date

Investor Impact:

  • Index fund investors will see automatic portfolio adjustments
  • Active fund managers may need to evaluate position changes
  • Stock price volatility expected around reconstitution date

Impact Justification

Index reconstitution affects passive fund flows and stock liquidity across multiple BSE indices