Tata Motors, Bajaj Finance, others gains on FTSE rejig

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Mumbai | Published: September 3, 2015 8:36:19 PM

Shares of companies such as Tata Motors, Bajaj Finance and Emami surged up to 3.5 per cent today after index provider FTSE made changes to its global equity index series.

FTSEShares of companies such as Tata Motors, Bajaj Finance and Emami surged up to 3.5 per cent today after index provider FTSE made changes to its global equity index series. (AP)

Shares of companies such as Tata Motors, Bajaj Finance and Emami surged up to 3.5 per cent today after index provider FTSE made changes to its global equity index series.

Tata Motors rose by 2.46 per cent to Rs 333.35, Bajaj Finance gained 3.52 per cent to Rs 5,205.50 and Emami was up 2.9 per cent to Rs 1,252.65 on BSE.

Bajaj Finance and Emami were upgraded to the midcap segment.

Shares of UPL Ltd went up by 3.24 per cent on its inclusion to midcap segment. Stocks of Torrent Pharmaceuticals were up 1.54 per cent.

However, Unitech rose by 3.20 per cent, while Jaiprakash Associates climbed 2.83 per cent even after their exclusion from midcap to smallcap.

The changes will be effective after the close of business on September 18, 2015.

Meanwhile, in the broader market, the BSE Sensex surged 311.22 points to settle at 25,764.78.

The FTSE global equity index series covers around 7,400 securities in 47 different countries – covering every equity and sector relevant to international investors’ needs.

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