Nifty March rebalancing: Zomato, Jio Financial Services to be likely added to Nifty50 index

The NSE's Semi Annual Review will be announced in February and the changes will come into effect from March 31. For semi-annual review of indices, average data for six months ending the cut-off date is considered and the announcement will be based on the average free float market capitalisation between 1 August 2024 and 31 January 2025.

Four weeks prior notice is given to market from the date of change, read the NSE statement.

Changes expected in Nifty50 index

Reportedly, after Zomato's entry into the BSE 30-share Sensex index, it can also be added to the Nifty50. Besides Jio Financial is also another potential entrant in the Nifty50 index.

Zomato, the first new-age company, entered the elite BSE Sensex index on December 23, 2024. The company bagged the coveted spot after a massive surge in its stock price over the past two year leading to a rise in the food services player's m-cap. Last, the company's m-cap stood at Rs 2.26 lakh crore.

However, stocks that may be excluded from the index are Bharar Petroleum Corporation Limited (BPCL) and Britannia.

As per Bloomberg, Zomato's inclusion in the Nifty 50 index that is a well-diversified 50 companies index reflecting overall market conditions will likely result in a total inflow of Rs 5,365 crore. Similarly, Jio Financial Services is seen to result in a total fund inflow to the tune of Rs 3,079 crore.

At around 11:13 am in trade, shares of Zomato traded with gains of around 3.4 per cent at Rs 234.85 per share on the NSE, while Jio Financial Services was up 1.8 per cent at Rs 270.85 per share.

However, oil marketing company BPCL is expected to see total outflow of Rs 1,835 crore as a result of the rebalancing, while FMCG major Britannia is set to register overall outflows of Rs 1,982 crore.