NIFTY50 rejig: Jio Financial Services and Zomato to enter benchmark index from March 28

Jio Financial Services Ltd and Zomato Ltd will join the NIFTY50 index from March 28, 2025. The inclusions will be accompanied by the removal of Bharat Petroleum Corporation Ltd (BPCL) and Britannia Industries Ltd from the National Stock Exchange's benchmark index.

In December 2024, Zomato became the first new-age company to join the benchmark BSE index SENSEX, replacing JSW Steel. The inclusion led to an inflow of $513 million (₹4,362 crore) into Zomato.

Zomato and Jio Financial Services are expected to see major inflows following the inclusion in March and BPCL and Britannia are estimated to see outflows.

The Index Maintenance Sub-Committee of NSE Indices announced the revisions to the index as part of its semi-annual review.

“Zomato Ltd (average free-float market capitalization ₹1,69,837 crore) and Jio Financial Services Ltd (average free-float market capitalization ₹1,04,387 crore) have been included in the Nifty 50 index as the 6-month average free-float market capitalization of these companies within the eligible universe is at least 1.5 times the 6-month average free-float market capitalization of the smallest constituents i.e. Bharat Petroleum Corporation Ltd (average free-float market capitalization ₹60,928 crore) and Britannia Industries Ltd (average free-float market capitalization ₹64,151 crore), respectively,” NSE said in a release dated February 21.

These changes align with the periodic assessment of the NIFTY50 index to ensure that it adequately reflects the changing market trends and stays relevant to the investors. Many other changes have been announced in several indices including NIFTY100 and NIFTY500.

In the NIFTY100, Indian Hotels Ltd, Bajaj Housing Finance Ltd, Hyundai Motor India Ltd and CG Power will be included in place of Bharat Heavy Electricals Ltd, Indian Railway Catering and Tourism Corporation Ltd (IRCTC) and Adani Total Gas Ltd.

Additionally, CG Power and Industrial Solutions Ltd and Swiggy Ltd will be included in the NIFTY50 Next with the exclusions of NHPC Ltd and Union Bank of India.

Other major inclusions include Ola Electric Mobility Ltd, NTPC Green Energy Ltd, Afcons Infrastructure Ltd, Sagility India Ltd, Waaree Energies Ltd, ACME Solar Holdings Ltd and Vishal Mega Mart Ltd in the NIFTY500 index. Key exclusions in the index are Easy Trip Planners Ltd, Metro Brands Ltd and TVS Supply Chain Solutions Ltd.