NIFTY50 rejig on Mar 28: Zomato, Jio Fin Services to replace BPCL, Britannia Industries on the benchmark index, check details

Zomato and Jio Financials Services are set to enter the NSE benchmark index NIFTY50 on Friday, March 28, replacing Britannia Industries and Bharat Petroleum Corporation (BPCL) under the semi-annual NIFTY rejig.

On February 21, the National Stock Exchange (NSE) announced the major changes to its indices effective from March 28, an adjustment for which will happen on March 27 after closing. Food delivery major Zomato Ltd and Reliance Industries’ financial services arm Jio Financial Services Ltd are expected to see high inflows, while BPCL and Britannia Industries will see major outflows in trade.

During the intraday period on Thursday, shares of Jio Financial Services were trading 0.18% higher at ₹223.06 apiece on the NSE. Zomato was trading at ₹203.73 apiece, rising 0.22%.

• Grasim Industries ($9 million)
• Adani Enterprises ($9 million)
• UltraTech Cement ($6 million)
• Cipla ($5 million)

• Bajaj Finance (-$79 million)
• HDFC Bank (-$51 million)
• Reliance Industries (-$41 million)
• ICICI Bank (-$35 million)
• Infosys (-$24 million)

Other changes in NIFTY rejig

Twice every year, the NIFTY50 is assessed to ensure that it adequately reflects the changing trends in the market and remains relevant to the investors.

In the NIFTY100 index, major inclusions are Indian Hotels Ltd, Bajaj Housing Finance Ltd, Hyundai Motor India Ltd and CG Power, while Bharat Heavy Electricals Ltd, Indian Railway Catering and Tourism Corporation Ltd (IRCTC) and Adani Total Gas Ltd will be excluded.

Moreover, major inclusions in the NIFTY500 index are 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. Key exclusions in the index are Easy Trip Planners Ltd, Metro Brands Ltd and TVS Supply Chain Solutions Ltd.

BPCL and Britannia Industries, after exiting the NIFTY50 index, will enter the NIFTY Next 50 index along with Indian Hotels Company, Hyundai Motor India, Bajaj Housing Finance, and Swiggy. Stocks to be excluded from the NIFTY Next 50 index are Bharat Heavy Electricals Ltd (BHEL), NHPC, Union Bank of India, Indian Railway Catering and Tourism Corporation (IRCTC) and Adani Total Gas, along with Jio Financial Services and Zomato.