Zomato and Jio Financial Services Set to Join Nifty 50

Zomato and Jio Financial Services are poised to join the Nifty 50 index in March. This change is expected to bring passive inflows of $1.11 billion, according to JM Financial. The NSE added 45 stocks to the Futures & Options segment in November 2024, paving the way for this inclusion.

BPCL and Britannia Industries might face exclusion from the index, potentially leading to combined outflows of $500 million. The official announcement for the Nifty 50 constituent changes is due later in February, with changes taking effect from March 31, 2025.

Zomato’s inclusion could attract passive inflows of $702 million, while Jio Financial Services may see $404 million. This rejig is expected to significantly impact market dynamics and investor sentiment.