Shares of Tata Consumer Products pared most of intra-day gains to settle marginally higher on Wednesday after NSE said the stock will be included in Nifty 50 from March 31.
On BSE, the stock closed at Rs 627.75, higher 0.1 per cent. During the trading session, it was trading 4.09 per cent higher at Rs 652.85, its 52-week high.
On NSE, the scrip ended 0.48 per cent lower at Rs 624.5. Intra-day, it surged to its 52-week high of Rs 654, rising 4.22 per cent.
As per a release, the bourse on Tuesday said there will be replacements in 36 indices, including Nifty 50, from March 31.
In Nifty 50, Tata Consumer Products will replace GAIL from March 31.
The exchange's Index Maintenance Sub-Committee (Equity) decided to make replacements in the indices as part of its periodic review.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.