Nifty Rejig: Zomato, Jio Financial In; Britannia, BPCL Out — Check Expected Flows
The semi-annual rejig in the Nifty 50 is likely to cause major capital inflows in new entrants Zomato Ltd. and Jio Financial Services Ltd., while pulling money out of Britannia Industries Ltd. and Bharat Petroleum Corp.
Zomato is set to get $391 million or Rs 3,351 crore in fresh flows and Jio Finance about Rs 1,714 crore or $200 million in terms of cumulative flow from passive funds, according to Nuvama Alternative & Quantitative Research.
The stocks will be added to the benchmark index on Thursday, March 27. It will coincide with the derivative expiry for weekly and monthly contracts.
At the same time, Britannia Industries will see an outflow of $153 million or Rs 1,311 crore and BPCL of $145 million or Rs 1,242 crore.
Stocks such as Indian Hotels Co., Power Grid Corp., CG Power and Industrial Solutions Ltd. will also see significant inflows after the rejig comes to effect.
In the Nifty 100 and Nifty 50 Next , the new inclusions are Indian Hotels, Bajaj Housing Finance Ltd., Hyundai Motor India Ltd., CG Power and Swiggy Ltd.
The exclusions from the two indices are Bharat Heavy Electricals Ltd., Indian Railway Catering and Tourism Corp., Adani Total Gas Ltd., NHPC Ltd. and Union Bank of India.
Nifty Cumulative Top 20 Flows
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.
After Nifty 50's revision, Nuvama said the revised EPS estimate for the financial year 2026 will be 1,171 and 1,335 for the following fiscal.
The Nifty price-to-earnings for FY26 will get revised from 19.9 to 20.2 and for FY27 from 17.5 to 17.7.
The revisions were announced by the National Stock Exchange Ltd. last month.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
