Adani Ports, Asian Paints gain over 2% today, here is why

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New Delhi | Updated: November 23, 2015 4:30:17 PM

Shares of Adani Ports and Asian Paints gained 2.52 per cent and 2.89 per cent, respectively on Monday.

Sensex, Nifty, BSE, NSE, vedanta, hindalcoVedanta and Hindalco will be replaced by Adani Ports and Asian Paints. (Express Photo)

Vedanta and Hindalco share price were under pressure in the early trade on Monday after the announcement by the BSE on Friday that both of these companies will shift out of the BSE benchmark Sensex from December 21.

In the early trade (at 9.43 am), shares of Vedanta and Hindalco were trading 2.36 per cent and 2.59 per cent down at Rs 90.95 and Rs 75.30, respectively.

Shares of Vedanta and Hindalco closed 2.90 per cent and 3.82 per cent down at Rs 90.45 and Rs 74.35, respectively.

Both of these companies will be replaced by Adani Ports and Special Economic Zone and Asian Paints. Cheering the news, shares of Adani Ports and Asian Paints were trading 2.87 per cent and 2.20 per cent up at Rs 277.50 and Rs 845, respectively (at 9.43 am).

Later, shares of Adani Ports and Asian Paints closed 2.52 per cent and 2.89 per cent up at Rs 276.55 and Rs 850.75, respectively.

 

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