|PSU’s Companies which will not be part of NIFTY-50
||Private Companies which will replace these PSU’s in NIFTY-50
||TATA Consumer Products
|Bank of Baroda
|Container Corporation of India
TATA Consumer Products will replace GAIL in Nifty-50. On 31st March 2021, TATA Consumer Products will replace PSU GAIL. TATA Consumer Products will be the Fifth Company of TATA Group which will be Part of NIFTy-50. Apart From GAIL, other PSU’s which will exit from NIFTY-50 Index are Bank of Baroda, Container Corporation of India, and Hindustan Zinc.
GAIL Was Listed in 2003
GAIL is one of the Navratan PSUs of the Indian Government. In 2003, GAIL was Listed in NSE. After 18 Years now GAIL will be exited from NIFTY-50. Apart from GAIL Several Other PSU’s will exit the NIFTY-50 Index.
TATA Consumer Products will be the 5th Company of TATA Group in NIFTY-50
TATA Consumer will be the 5th Company of TATA Group in NIFTY-50. The other 4 Companies of TATA Group in NIFTY are Tata Consultancy Services, Titan, Tata Motors, Tata Steel.
PSU’s which will Not be Part of NIFTY-50 From 31st March 2021.
Apart From GAIL these PSU’s Will also take the exit from NIFTY-50
1- Bank of Baroda
2- Container Corporation of India
3- Hindustan Zinc.
Companies that will Replace these PSU’s in NIFTY-50 Index
1- Adani Enterprise
2- Jubliant Foods
Private Companies will not be Part of NIFTY-50 from 31st March 2021.
1- Bombay Dyeing
2- Care Ratings
3- Chennai Petroleum
4- DB Corp Limited
5- Hathway Cables
6- Dotcom Limited
7- Heritage Foods
Why this change is happening in NIFTY-50 Index
This Change in NIFTY-50 Index is happening because on Tuesday National Stock Exchange revised the Maintenance Guidelines along with Criteria and Methodology. Due to this Change, many Companies will be out from NIFTY-50 Index. This change can be seen in NIFTY-50 and in Next NIFTY-50 Index. New Companies which show Performance Growth are included in nIFTY-50 and Companies that show the decline in Performance are exited from NIFTY-50 Index.