The reconstitution is part of the BSE's semi-annual exercise to rejig its benchmark indices. Tata Steel is the only metal and mining firm that is still a part of the Sensex.
The shares of Adani Ports and Special Economic Zone and Asian Paints, which will become part of the Sensex from December 21, edged higher on Monday. Adani Ports gained 2.5 per cent to end at Rs 276.5 a share, while Asian Paints surged 2.9 per cent to Rs 850.7.
In the past year, market capitalisation of Vedanta and Hindalco has eroded by Rs 42,000 crore and Rs 16,000 crore, respectively. Hindalco's total debt rose Rs 3,711 crore to Rs 68,467 crore at the end of FY15 from a year ago, while Vedanta's debt dropped Rs 2,813 crore to Rs 77,752 crore in the same period.