Jio Financial, Zomato to enter Nifty 50 from March 28
The Index Maintenance Sub-Committee of NSE Indices Ltd announced changes to the Nifty 50 index as part of its semi-annual review, effective from March 28, 2025.
Jio Financial Services Ltd and Ltd will enter the National Stock Exchange's benchmark Nifty 50 index from March 28.
As per the revisions, Bharat Petroleum Corporation Ltd (BPCL) and Britannia Industries Ltd will be excluded from the index, according to a release from NSE Indices.
The Index Maintenance Sub-Committee of NSE Indices Ltd has announced changes to the Nifty 50 index as part of its semi-annual review, effective from March 28, 2025.
These changes are in line with the periodic assessment of the index to ensure it accurately reflects market trends and maintains its relevance to investors.
Zomato and Jio Financial Services Ltd have been added to the Nifty 50 index because their average free-float market capitalisation over six months is at least 1.5 times that of the smallest companies being removed.
Zomato's market cap is Rs 1,69,837 crore, while Jio Financial's is Rs 1,04,387 crore. In comparison, Bharat Petroleum and Britannia, which are being excluded, have market caps of Rs. 60,928 crore and Rs 64,151 crore respectively.
In addition, changes have been announced in several indices including Nifty 100 and Nifty 500.
Edited by Swetha Kannan