Nifty Rejig: Jio Financial, Zomato Join Benchmark Index As BPCL And Britannia Exit
Bajaj Housing Finance, Swiggy and Indian Hotels are among the companies added to the Nifty 100 index.
India's benchmark equity market index NSE Nifty 50 has new inclusions, as Jio Financial Services Ltd. and Zomato Ltd. have been added to it, according to a release issued by the National Stock Exchange of India.
Bharat Petroleum Corp. and Britannia Industries have been excluded from the index. The changes will come into effect from March 28, 2025.
Zomato and JFS were included in Nifty 50 as the six-month average free-float market capitalisation of these companies is "at least 1.5 times the six-month average free-float market capitalisation of the smallest constituents" i.e. BPCL and Britannia, the release stated.
The average free-float market cap of Zomato and JFS stood at Rs 1.70 lakh crore and Rs 1.04 lakh crore, respectively, whereas the same of BPCL and Britannia stood at Rs 60,928 crore and Rs 64,151 crore, respectively, it added.
In the Nifty 100 and Nifty 50 Next , the new inclusions are Indian Hotels Ltd., Bajaj Housing Finance Ltd., Hyundai Motor India Ltd., CG Power and Industrial Solutions Ltd. and Swiggy Ltd.
The exclusions from the two indices are Bharat Heavy Electricals Ltd., Indian Railway Catering and Tourism Corporation Ltd., Adani Total Gas Ltd., NHPC Ltd. and Union Bank of India.
In the broader index, Nifty 500, a total of 30 new stocks have been included. Ola Electric Mobility Ltd., NTPC Green Energy Ltd., DCM Shriram Ltd., Afcons Infrastructure Ltd., ACME Solar Holdings Ltd., Sagility India Ltd., Waaree Energies Ltd., Vishal Mega Mart Ltd., Wockhardt Ltd., and Zen Technologies Ltd. are among the key inclusions.
Among the notable exclusions are Easy Trip Planners Ltd., Mahindra Lifespace Developers Ltd., Metro Brands Ltd., TVS Supply Chain Solutions Ltd., Equitas Small Finance Bank Ltd., and Ujjivan Small Finance Bank Ltd.
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From the Nifty Midcap 100, a total of 13 stocks have been excluded. They include Balkrishna Industries Ltd., CG Power and Industrial Solutions, Delhivery Ltd., Fertilisers and Chemicals Travancore Ltd., IDBI Bank Ltd., Indian Hotels, Indian Overseas Bank, JSW Infrastructure Ltd., Mangalore Refinery & Petrochemicals Ltd., NLC India Ltd., Poonawalla Fincorp Ltd., Sundaram Finance Ltd. and Tata Chemicals Ltd.
In their place, the following companies have been added: Adani Total Gas, Bharat Heavy Electricals, Glenmark Pharmaceuticals Ltd., IRCTC, Motilal Oswal Financial Services Ltd., National Aluminium Co., NHPC, NTPC Green Energy, Ola Electric, Premier Energies Ltd., Union Bank of India, Vishal Mega Mart Ltd., and Waaree Energies.
From the Nifty Smallcap 100 index, a total of 22 companies have been excluded, including Jammu & Kashmir Bank Ltd., 360 ONE WAM Ltd., Finolex Cables Ltd., and Chennai Petroleum Corporation Ltd., among others.
The key inclusions in this index are Afcons Infrastructure Ltd., Kfin Technologies Ltd., IDBI Bank Ltd., Welspun Corp Ltd. and Tata Chemicals Ltd., among others.
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