Nifty 50 Index Reshuffle: Zomato and Jio Financial Set to Join

In a significant change within the Nifty 50 index, Zomato and Jio Financial Services are preparing to replace Britannia Industries and Bharat Petroleum Corporation Limited (BPCL). This transition is scheduled to take place on March 31, 2025.

The National Stock Exchange (NSE) undertakes such periodic rebalancing, which is based on the average free-float market capitalization of companies over a six-month duration, specifically from August 1 to January 31.

This development marks a pivotal moment for emerging tech companies in India. According to a report by JM Financial, the inclusion of Zomato is anticipated to generate inflows of about $620 million, impacting nearly 226.6 million shares and affecting trading volumes for approximately 3.8 days.

In December 2024, the company led by Deepinder Goyal achieved a historic milestone by becoming the first new-age tech firm to be included in the Bombay Stock Exchange (BSE) Sensex 30, taking the place of JSW Steel Limited in India’s benchmark index of the top 30 firms.

Nifty Next 50 Index Changes

The Nifty Next 50 index is also undergoing significant changes with the addition of seven new stocks: Bajaj Housing, BPCL, Britannia, CG Power, Hyundai Motor India, Indian Hotels, and Zomato’s competitor Swiggy. These new entries will replace Adani Total Gas, BHEL, IRCTC, Jio Financial, NHPC, Union Bank, and Zomato.

The Nifty Next 50 Index acts as a standard reference, representing the leading 50 companies ranked between 51 and 100 according to market capitalization on the National Stock Exchange (NSE).