Paytm Likely To Re-Enter MSCI India Index, Zomato May Get Place In Nifty 50

Paytm Likely To Re-Enter MSCI India Index, Zomato May Get Place In Nifty 50

SUMMARY

Brokerage firm JM Financial said that there is a high possibility of the inclusion of Paytm in the MSCI India Standard Index, about seven months after it was removed from the index

The brokerage also foresees the inclusion of foodtech major Zomato and Jio Financial Services (JFS) in the benchmark index Nifty 50 soon

Zomato became the first new age tech company to be included in the Sensex in November last year

After a blockbuster year for Indian new-age tech companies on the bourses, brokerage firm JM Financial has predicted a bullish outlook for select such companies in the near future. 

In a research report, the brokerage said that there is a high possibility of the inclusion of Paytm in the MSCI India Standard Index, about seven months after it was removed from the index. 

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