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MSCI February review rebalancing today: Changes effective March 1, 2021

Market: Traders use extended market hours to roll over bullish bets

Mumbai: Traders aggressively rolled over bullish bets into the March series in the extended two-hour trading session on Wednesday, introduced after the four-hour shutdown of trading on NSE earlier in the day. The sharp surge in the market after trading resumed led by private lenders, which soared on the government’s decision to lift its embargo on the grant of government businesses to these banks, pushed market participants to carry forward their wagers ahead of the expiry of the February series on Thursday. Brokers and traders have been worried that the rollover process of derivative positions would be disrupted and would heighten confusion on Thursday if the NSE did not resume trading on Wednesday.

Tata Consumer To Replace GAIL In Nifty 50 From March 31

Feb 24 2021, 10:39 AM February 23 2021, 8:32 PM February 24 2021, 10:39 AM Tata Consumer Products Ltd. will replace GAIL (India) Ltd. in the benchmark Nifty 50 from March 31, 2021 as part of a semi-annual rejig.The changes will also be applicable to Nifty 50 Equal Weight Index, the nation’s largest bourse said in a media statement. The Nifty 50 is reconstituted twice every year in March and September.The exchange also reshuffled the Nifty Next 50, Nifty 500, Nifty 100 and Nifty Midcap 150 indices, among oth. Tata Consumer Products Ltd. will replace GAIL (India) Ltd. in the benchmark Nifty 50 from March 31, 2021 as part of a semi-annual rejig. The changes will also be applicable to Nifty 50 Equal Weight Index, the nation’s largest bourse said in a media statement. The Nifty 50 is reconstituted twice every year in March and September.

Select stocks may see $900m FII flows on FTSE rebalancing

Mindtree, Varun Beverages, Hindustan Aeronautics, Adani Gas, Honeywell Automation and Astral Poly Technik, and Apollo Hospitals are likely to get $20 million to $80 million worth of flows, said Abhilash Pagaria of Edelweiss Alternative Research.

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