Metals and mining major Vedanta and Aditya Birla group flagship firm Hindalco Industries will shift out of the BSE benchmark Sensex from December 21.
These stocks would be replaced by Adani Ports and Special Economic Zone and Asian Paints Ltd.
Besides, three firms -- NHPC, Jaiprakash Associates and Unitech -- would be dropped from the BSE 100 index as well as S&P BSE Carbonex, while various changes have also been made to a host of other BSE indices as well.
The move is a part of Asia Index Private Ltd's semi-annual reconstitution results.
The BSE-100, an index of the top 100 listed companies in the country, would see the inclusion of -- Britannia Industries, Bharti Infratel and Motherson Sumi Systems.
As many as nine firms would be replaced on BSE 200 index, while 22 companies would be excluded from BSE 500.
Companies like Muthoot Finance, Unitech and IFCI would be excluded from BSE 200, which will see the inclusion of firms such as IDFC, Pfizer India and Adani Enterprises.
Reliance Industrial Infrastructure and Financial Technologies India Ltd among others would be moved out of BSE 500, while SpiceJet and Trident are among the stocks which would be included.
BSE Teck would see replacement of Persistent Systems and KPIT Technologies with Tata Elxsi and MphasiS.