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BSE replaces 4 stocks in LARGEMID Stable Dividend 50 Index

NTPC, Shriram Finance, Indian Bank, and Glenmark join; HDFC Bank, ICICI Bank, Cummins India, and Zydus Lifesciences exit. Effective June 22.

19 Jun 2026 Effective June 22, 2026 Affects: Funds and ETFs tracking the BSE LARGEMID (60:40) STABLE DIVIDEND 50 Index.

What changed

Four stocks added: NTPC, Shriram Finance, Indian Bank, Glenmark Pharmaceuticals.
Four removed: Cummins India, HDFC Bank, ICICI Bank, Zydus Lifesciences.
Effective at market open on June 22, 2026.

The read

BSE Index Services has reshuffled the BSE LARGEMID (60:40) STABLE DIVIDEND 50 Index, dropping HDFC Bank and ICICI Bank while adding NTPC and Indian Bank — a tilt from private banks to public-sector dividend payers. Shriram Finance and Glenmark Pharmaceuticals also enter, replacing Cummins India and Zydus Lifesciences. The changes, effective June 22, mean tracking funds must rebalance ahead of the open. The move likely reflects updated dividend-yield or stability screens, not a market call.

BSE Index ServicesNTPC Ltd.HDFC Bank Ltd.

Primary source: official circular (PDF)