Nifty rejig: This Tata Group firm could replace GAIL in next review

FMCG firm Tata Consumer is expected to replace state-run GAIL in the Nifty50 index as part of the semi-annual reshuffle, say analysts at Edelweiss Securities and ICICI Securities.

The index is reconstituted semi-annually, considering six months 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. READ HERE

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