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The Nifty 50 index is reshuffled to include Zomato
In a major reshuffle of the Nifty 50 index, Zomato and Jio Financial Services will supplant Britannia Industries and Bharat Petroleum Corporation Limited (BPCL). This alteration is set to require impact on March 31, 2025.
The National Stock Exchange (NSE) decides such periodic rebalancing based on the normal free float advertise capitalization of companies over a six-month period, crossing from Admirable 1 to January 31.
This is often a major turning point for new-age tech companies in India. As per a report by JM Financial, Zomato's addition may bring in inflows of around $620 million, affecting about 226.6 million offers and impacting exchanging volumes for around 3.8 days.
In December 2024, the Deepinder Goyal-led company made history as the first new-age tech company to connect the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited within the benchmark file of India's beat 30 companies.
The Clever Following 50 list is additionally set for a major reshuffle, with the incorporation of seven new stocks: Bajaj Housing, BPCL, Britannia, CG Power, Hyundai Motor India, Indian Hotels, and Zomato's match Swiggy. These companies will supplant Adani Add up to Gas, BHEL, IRCTC, Jio Budgetary, NHPC, Union Bank, and Zomato.
The Nifty Next 50 Record serves as a benchmark, speaking to the best 50 companies positioned between 51 and 100 based on market capitalization on the National Stock Exchange (NSE).