Tata Consumer is expected to replace GAIL in the Nifty50 index

Published On: Thursday, January 14, 2021 | By: Team KnowMyStock

Tata Consumer is expected to replace state-run GAIL in the Nifty50 index as part of the semi-annual reshuffle, say experts. The index is reconstituted semi-annually, considering six months of data ending January and July, respectively, and a four weeks’ prior notice is given to the market participants. In the last rejig, SBI Life Insurance and Divi's Laboratories had replaced Bharti Infratel and ZEE Entertainment Enterprises. GAIL currently has an estimated weight of 40 bps in the index, while Tata Consumer is expected to enter the index with a weight of 60 bps. The rejig would entail ETFs and index funds buying worth Rs 7.6 billion and selling worth Rs 5.1 billion. According to the Nifty index inclusion criteria, the stock should be a part of the F&O segment.

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