Tata Consumer to replace Gail India in Nifty 50 effective March 31

Tata Consumer Merchandise will substitute point out-owned Gail India in the benchmark Nifty fifty index. The improve will take outcome on March 31. The go is expected to end result in passive inflows of $89 million (Rs 650 crore) in Tata Consumer. Gail, on the other hand, could see outflows of $fifty seven million (Rs 410 crore). On Tuesday, the free of charge float market capitalisation –a essential criterion for index inclusion—of Tata Consumer and Gail stood at Rs 36,989 crore and Rs 30,570 crore.

Tata Consumer, previously recognised as Tata International Beverages, will join FMCG friends these kinds of as Hindustan Unilever, Nestle India and Britannia in the commonly-tracked Nifty fifty index. NSE has also declared changes to its numerous other indices these kinds of as Nifty Subsequent fifty, Nifty one hundred and Nifty five hundred. Adani Enterprises, Apollo Hospitals and Jubilant Foodworks are among the the seven stocks added to the Nifty Subsequent fifty index.

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