Future option tips, stock tips for tomorrowIndian private sector lenders namely IndusInd Bank Limited and Yes Bank Limited will join the BSE stock exchange’s 30-member Sensex index, with effect from 18 December, which has announced by the Exchange on Friday. Pharmaceutical Lupin Ltd and Cipla Ltd will make way for the two banks, as per a statement from Asia Index Pvt Ltd.

Effective on this inclusion, Shares of IndusInd Bank and YES Bank were trading higher by above 2% on Monday late hours as these companies join the BSE stock exchange’s 30-member Sensex index.

Keeping positive trend, YES Bank shares spiked about 2.5% to Rs 314 against the previous close of Rs 306.45. Likewise, shares of IndusInd Bank opened at Rs 1,647 versus the previous close of Rs 1,630.85, touching the day’s high and low of Rs 1,653 and Rs 1,630 respectively.

YES Bank has gained about a third so forth this year, whereas IndusInd Bank has added more than 45%.

 

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