Zomato to replace JSW Steel on Sensex from December 23: BSE

Online food delivery platform Zomato will replace JSW Steel in the BSE Sensex, India's benchmark equity index, effective December 23, as part of the latest reconstitution announced by Asia Index Private Ltd, a wholly-owned subsidiary of the Bombay Stock Exchange (BSE).

The decision follows Zomato's stellar performance in the stock market, with its shares surging over 112% so far this year. In comparison, JSW Steel's stock has posted a modest 11% return during the same period.

The BSE Sensex 50 index will see three new entrants—Zomato, Jio Financial Services Ltd., and Hindustan Aeronautics Ltd. (HAL). They will replace HDFC Life Insurance Company, Bharat Petroleum Corporation Ltd. (BPCL), and LTIMindtree.

Jio Financial Services, Suzlon Energy, Adani Green Energy, Adani Power, Samvardhana Motherson International, and PB Fintech will join the BSE 100 index. On the other hand, companies including Ashok Leyland, PI Industries, IDFC First Bank, Indian Railway Catering and Tourism Corporation (IRCTC), UPL, and APL Apollo Tubes will be dropped.