BSE Shares Fall by 2.5% on Back of Its Addition to Nifty 50 Index, While Ujjivan SFB and Siemens See Upside on F&O List Addition

BSE shares witnessed a fall by 2.5% on September 30 amid profit booking on the back of addition of its stock into the Nifty 50 index. On the other hand, Ujjivan Small Finance Bank and Siemens India saw a positive trend due to addition to the futures and options list. 

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

BSE stock witnessed a decline to ₹2,821.40 intraday amid addition of its stock to the benchmark Nifty 50 index along with InterGlobe Aviation that operates IndiGo airlines. 

Two stocks replaced Tata Consumer Products and JSW Steel in the index as part of the semi-annual reconstitution. 

Inclusion of BSE in the Nifty 50 index was closely watched amid its announcement. BSE stock witnessed gains of 9% over last five trading sessions prior to its fall on Wednesday. 

InterGlobe Aviation shares too saw a fall by more than 1% amid intraday trading. 

Ujjivan SFB and Siemens rise after F&O entry 

Elsewhere in the market, shares of Ujjivan Small Finance Bank and Siemens India moved higher after the stocks became available for trading in the futures and options segment from September 30. 

Ujjivan Small Finance Bank gained as much as 2.5%, while Siemens India rose around 2%. 

The inclusion allows market participants to trade derivative contracts in these stocks in addition to buying and selling their shares in the cash market. 

However, the two companies moved in opposite directions in the weeks leading up to their F&O entry. Ujjivan Small Finance Bank had gained more than 13% over the previous month, while Siemens India had declined around 4% during the same period. 

Index reshuffle takes effect 

The September 30 session marked the implementation of the latest changes across key market indices and the derivatives segment. 

For BSE, the day brought some profit-taking after its recent run and entry into the Nifty 50. Ujjivan Small Finance Bank and Siemens India, meanwhile, started their first trading session as part of the F&O segment with gains.