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GAIL will be out of Nifty50 from March 1 February 23, 2021 Tata Consumer becomes fifth firm from the Tatas’ stable to join benchmark Public sector GAIL India will be out of Nifty50 index from March 1, in the latest rejig announced by Nifty’s Index management Sub-committee (IMSC). Tata Consumer Products will replace Gail India in the Index. This will be the fifth Tata group company to enter the index.TCS, Tata Motors, Tata Steel and Titan Company are the other companies that are currently part of the Nifty50 index.
ICICI Securities, in a recent report, estimated that the changes could result in ₹760 crore worth of buying of Tata Consumer shares and selling of Gail India shares worth ₹510 crore. ....