Reacting to the exclusion, the scrip of Idea tumbled 5.74 per cent to Rs 101.65, while that of BHEL went lower by 2.47 per cent to Rs 149.55 on NSE.
Benchmark indices settled the day higher, gaining for the fourth straight week driven by financials even after RBI put HDFC Bank back in the FII ban list.
HDFC Bank branch office in MumbaiHDFC Bank, the private sector lender, replaced Reliance Industries (RIL) to become the second most valuable company in terms of market capitalization (m-cap) on BSE.
After 100 days of note ban, it is business as usual in some markets. In Mumbai, for instance, builders have once again started asking if part of the payment in a real estate transaction can be made in cash.
The S&P BSE 500 index hit a record high on Friday after strong rally in select private sector banks, pharmaceutical and automobile stocks.At 10:28 am; the S&P BSE 500 index was up 0.48% or 57 points at 12,064 points.