Zomato Jio Financial Nifty-50: Zomato and Jio Financial Services are going to enter the benchmark indices of the National Stock Exchange (NSE). This will be the entry of Zomato Jio Financial Nifty-50 index in the upcoming semi-annual changes.
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Zomato Jio Financial Nifty-50: Will be Effective From 28th March
These changes will be effective from 28 March 2025. These two companies will replace Bharat Petroleum Corporation Limited (BPCL) and FMCG company Britannia Industries in the index. These changes will also apply to Nifty 50 Equal Weight Intakes.
This rebalancing is based on the average free-float market cap from August 1 to January 31. An NSE note said the average free-float market capitalization of Zomato is Rs 1,69,837 crore. Whereas Jio Financial Services has Rs 1,04,387 crore.
The market capitalization of BPCL is Rs 60,928 crore and the market cap of Britannia Industries is Rs 64,151 crore. To be included in the Nifty 50 index, a stock must be a part of the F&O segment.
Zomato’s Inclusion in Nifty 50 will Result in an Inflow of $702 Million.
JM Financials estimates that Zomato’s inclusion in the Nifty 50 index could see a passive inflow of $702 million and Jio Financial could see a passive inflow of $404 million. Due to the withdrawal of BPCL from the index, there may be an outflow of $ 240 million and the withdrawal of Britannia Industries may lead to an outflow of $ 260 million.
Zomato Jio Financial Nifty-50: Bajaj Housing Finance in Nifty 100
There will be many changes in the Nifty 100 index also. Bajaj Housing Finance, CG Power and Industrial Solutions, and Hyundai Motor India will be added to the index. Whereas Adani Total Gas, BHEL, IRCTC, NHPC, and Union Bank of India will be removed from the index.
There Will be Many Big Changes in the Nifty-200 Index
A big change will also be seen in the Nifty-200 index. The new additions include Glenmark Pharma, Motilal Oswal Financial Services, National Aluminum Company (NALCO), and NTPC Green Energy. Apart from this, Ola Electric, Premier Energies, Vishal Mega Mar,t and Vaari Energies will also be added to Nifty 200.
Stocks that were excluded from Nifty-200 include Balakrishna Industries, Delhivery, Fertilizers & Chemicals Travancore, IDBI Bank, Indian Overseas Bank, JSW Infra, MRPL, NLC India, Poonawalla Fincorp, Sundaram Finance and Tata Chemical.
On the last trading day of the week i.e. February 21, the Sensex closed at 75,311 with a fall of 424 points. Nifty also fell by 117 points, it closed at the level of 22,795. Out of 30 Sensex stocks, 22 declined and 8 rose. Out of 50 Nifty stocks, 37 declined and 13 rose. The auto sector of the NSE Sectoral Index had the highest decline of 2.58%.
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