Street signs: TaMo may be added to Sensex, LIC GMP edges higher, and more

The grey market premium (GMP) for shares of Life Insurance Corporation of India (LIC) has firmed up in the past few days

TaMo may be added to Sensex

Tata Motors is expected to get added to the Sensex during the index’s next rebalancing which will be effective from June 17. The automobile firm could dislodge pharma company Dr. Reddy's Laboratories from the index. The move could lead to passive inflows of Rs 1,179 crore in Tata Motors and an outflow of Rs 768 crore from Dr Reddy’s, according to analyst Brian Freitas of Periscope Analytics, who publishes on Smartkarma. Inclusion of Tata Motors will also lead to the inclusion of its DVR, which will see passive buying worth another Rs 157 crore.