Zomato, Jio Financial Services may join Nifty 50 in March; BPCL, Britannia Industries could exit

It is mandatory for a stock to a part of the F&O segment to be included in the Nifty 50 index.

Food delivery player and restaurant aggregator Zomato Ltd. along with financial services player Jio Financial Services are likely to enter the benchmark index Nifty 50 in the upcoming rebalancing, said domestic brokerage JM Financial.

On the flip side, JM Financial expects FMCG player Britannia Industries and oil marketing major Bharat Petroleum Corp. to be excluded from the index.

The announcement for the Nifty constituent changes is due in the month of February 2025, effective from March 31, 2025. For the March rebalancing, the index provider assumes an average free float market cap that prevailed between the period August 1 to January 31.

Earlier, the brokerage believed that auto firm Eicher Motors would be excluded from the index, instead of Britannia Industries.

It is mandatory for a stock to a part of the F&O segment to be included in the Nifty 50 index. The possibility of Zomato and JFS being added to the Nifty 50 comes after the NSE announced that 45 stocks, including Jio Financial Services and Zomato, will be included in the futures and options (F&O) segment in November 2024.

The inclusion of Zomato would lead to passive inflows of $620 million, while the inclusion of Jio Financial Services could bring $356 in flows.

On the other hand, the exclusion of BPCL and Britannia Industries might lead to outflows of $212 million and $229 million, respectively.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.