Zomato to Replace JSW Steel on BSE Sensex from December 23

On November 22, 2024, the Asia Index Private Ltd, a subsidiary of the Bombay Stock Exchange (BSE), announced the latest reconstitution of the benchmark BSE Sensex index. As part of this rejig, Zomato, the online food delivery giant, will replace JSW Steel in the 30-stock index. This reshuffling will take effect from December 23, 2024 and includes changes in other indices such as the BSE 100, BSE Sensex 50, and BSE Sensex Next 50.

Zomato’s Inclusion in BSE Sensex

• Zomato, which has witnessed impressive growth and a significant rally in its stock price over the past year, will be inducted into the BSE Sensex.
• This marks a major milestone for Zomato as it becomes a part of India’s prestigious stock index.

Replacement of JSW Steel

• JSW Steel will be replaced by Zomato in the Sensex index, marking the end of its time in the top 30 stocks of BSE.

Date of Effect

• The reconstitution will take effect on December 23, 2024.

Other Key Additions and Exits

• Jio Financial Services and Hindustan Aeronautics Ltd are also added to the BSE Sensex 50 index.
• Meanwhile, companies such as HDFC Life Insurance, Bharat Petroleum Corporation Ltd (BPCL), and LTI Mindtree will exit the index.

Impact Beyond Sensex

• The reconstitution will affect not only the BSE Sensex, but also other indices like the BSE 100, BSE Sensex 50, and BSE Sensex Next 50.

Summary/Static	Details
Why in the news?	Zomato to Replace JSW Steel on BSE Sensex
Effective Date	The changes will take effect from December 23, 2024.
Other Key Additions	Jio Financial Services and Hindustan Aeronautics Ltd added to the BSE Sensex 50
Impact on Other Indices	The reshuffle affects other indices like BSE 100, BSE Sensex 50, and BSE Sensex Next 50.
Sector Diversity	The rejig reflects broader sector representation in the BSE indices.