Sensex inclusion propels Lupin; Tata Power slumps

Stocks of drugmaker Lupin gained over 2% today as the company is set to replace private power producer Tata Power in the benchmark Sensex.

The scrip rose 2.32% to Rs 1,776 on BSE.

On NSE, it went up 2.29% to Rs 1,775.

On the other hand, shares of Tata Power fell 1.32% to Rs 74.75 on BSE.

The reconstitution in BSE indices will be effective June 22, the exchange had said in a statement on Friday.

Besides, Adani Power will be dropped from the BSE 100 index while various changes have been made to a host of other BSE indices as well.

In the stock market, the BSE 30-share Sensex was trading at 27,821.18, down 136.32 points.