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Yes Bank, IndusInd to join India's BSE Sensex index; Lupin, Cipla dropped

FILE PHOTO: A security guard stands outside a closed Yes Bank branch in New Delhi, India, November 9, 2016. REUTERS/Cathal McNaughton/File Photo

(Reuters) - Indian private sector lenders Yes Bank Ltd and IndusInd Bank Ltd will join the BSE stock exchange's 30-member Sensex index, effective Dec. 18, the index provider said on Friday.

Drugmakers Lupin Ltd and Cipla Ltd will make way for the two banks, according to a statement from Asia Index Pvt Ltd. http://bit.ly/2hFfTPc

Yes Bank has gained nearly a third so far this year, while IndusInd has added more than 45 percent. Lupin has shed 44 percent, while Cipla has gained about 4 percent in 2017.

(Reporting by Vishal Sridhar in Bengaluru; Editing by Subhranshu Sahu)