ITC Hotels to be removed from Sensex and BSE indices today

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 ITC Hotels to be removed from Sensex and BSE indices today




ITC Hotels will be removed from 22 BSE indices before trading begins on Wednesday, 5 February. The company, which was spun off from ITC, was temporarily included in the Sensex and other indices to facilitate portfolio rebalancing by passive funds.

ITC Hotels began trading separately on 29 January. “As ITC Hotels did not hit the lower circuit till the cut-off time, the company will be dropped from all BSE indices effective prior to the open of trading on Wednesday,” BSE said in a notice.

Shares of ITC Hotels last closed at Rs 165, down 4.16%. Index trackers had to sell shares worth over Rs 400 crore due to the stock’s exclusion from the Sensex, with another Rs 700 crore worth of selling expected when it is removed from NSE Nifty.


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