Nifty 50 could see one of its biggest rejig

Published On: Monday, April 27, 2020 | By: Team KnowMyStock

The Nifty50 could see one of its biggest rejig, predict analysts. The sharp correction in equities because of the Covid-19 pandemic has seen the market cap of several existing components fall sharply. The free-float market cap of many other stocks, which are currently not part of the index, has surged past them. Index inclusion prospects are tied to the free-float market cap (total market cap minus value of shares held by promoters or those under lock-in). “We believe the upcoming Nifty review in September will be the biggest reshuffle seen in recent history. Perhaps, we may see a change of four stocks in the review,” says the analysts. Bharti Infratel, Vedanta, Zee Entertainment, Tata Motors, and Gail could be on their way out. Avenue Supermarts (Dmart), Divi's Labs, HDFC Life, Dabur, and SBI Life could become part of the bluechip index.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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