Exciting NIFTY50 Rebalance Tomorrow: Zomato and Jio Fin Services Take the Stage as BPCL and Britannia Industries Exit – Details Inside!

Zomato and Jio Financial Services are making a splash by joining the NIFTY50 index on March 27. This change means they will take the place of Britannia Industries and Bharat Petroleum Corporation (BPCL). The National Stock Exchange (NSE) made this announcement on February 21, noting that these updates are part of a regular reassessment of its indices to keep up with market trends.

After this shift, both Zomato and Jio Financial Services can expect increased investment inflows. Conversely, BPCL and Britannia may see a drop in trading activity. As of March 26, Jio Financial Services shares were down 2.35%, priced at ₹222.17, giving them a market cap of around ₹141,148 crore. Zomato’s shares fell 2.55% to ₹204.47, with a market cap of about ₹197,321 crore.

Experts believe that changes like these influence investor behavior. According to market analyst Neha Agrawal, "Inclusion in a major index often boosts a company’s visibility and attractiveness to institutional investors." This is particularly important in a fluctuating market where stakeholders look for stability.

As a result of the NIFTY changes, some stocks are likely to gain weight in the index, while others will see a decline. Stocks that are expected to gain include:

• Grasim Industries ($9 million)
• Adani Enterprises ($9 million)
• UltraTech Cement ($6 million)
• Cipla ($5 million)

On the flip side, these companies are likely to see decreased weightage:

• Bajaj Finance (-$79 million)
• HDFC Bank (-$51 million)
• Reliance Industries (-$41 million)
• ICICI Bank (-$35 million)
• Infosys (-$24 million)

Every year, the NIFTY50 is reviewed twice to ensure it reflects current market conditions, making it a dynamic tool for investors. This time, the NIFTY100 index is welcoming Indian Hotels Ltd, Bajaj Housing Finance Ltd, Hyundai Motor India Ltd, and CG Power while letting go of Bharat Heavy Electricals Ltd and IRCTC.

Moreover, new additions to the NIFTY500 index include promising companies such as Ola Electric Mobility and NTPC Green Energy. In contrast, Easy Trip Planners and Metro Brands will exit the index.

With BPCL and Britannia leaving the NIFTY50, they will join the NIFTY Next 50 index alongside companies like Indian Hotels and Swiggy. In this reshuffle, some lesser-performing stocks, including Jio Financial Services and Zomato, will also be excluded.

This ongoing adjustment highlights how fluid the stock market can be. As companies rise and fall in prominence, investors must stay alert to make informed decisions.

For further updates on stock market changes and trends, you can check the latest NSE reports here.

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