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Zomato, Jio Financial could join Nifty, says JM Financial

ET BureauLast Updated: Nov 15, 2024, 07:58:00 AM IST

Synopsis

If included, Zomato and Jio Financial Services could see inflows worth $607 million and $372 million, respectively, said JM. BPCL and Eicher Motors could see outflows of $223-$239 million.

Brokerage JM Financial said Zomato and Jio Financial Services could be added to Nifty 50 in the upcoming February 2025 review, based on the new F&O inclusions. The announcement for the March rebalancing of the Nifty will be made in February next year.
BPCL (Bharat Petroleum) and Eicher Motors are likely to be the exclusions from the index.

If included, Zomato and Jio Financial Services could see inflows worth $607 million and $372 million, respectively, said JM. BPCL and Eicher Motors could see outflows of $223-$239 million.

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