After the current fraud and turmoil in Satyam Comp, and wednesday fall of more than 77% in Satyam Comp both the indices decided to remove the scrip from the indices with effect from January 12th, 2009. 

The fall of 749 points in SENSEX and 192 points in Nifty was mainly because of drift in the price of Satyam Computers, the stock tumbles more than 77% in day trade and made history for Indian Stock market for a single day percantage fall. The head of the Indian outsourcing firm resigned on Wednesday, disclosing profits had been falsely inflated for years, sending its shares crashing nearly 80 percent.

National Stock Exchange said in press release that Nifty will get a replacement of Reliance Capital for Satyam computer which is going to be non index stock from January 12th , 2009.

Later, the BSE  also stated that sensex will introduce drug maker SUN PHARMA in the Sensex for a empty space after removing Satyam Computer from January 12th , 2009.

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Related Posts : 08-01-2008, BSE, Nifty, NSE, Satyam Comp, SENSEX