Zomato, Jio Financial Services Included In Nifty 50

Months after making its way into the benchmark index BSE Sensex, Zomato and Jio Financial Services have now been included in another benchmark index, Nifty 50. 

In a circular released on February 21, the National Stock Exchange said that the index maintenance sub-committee (equity) of NSE Indices had decided to include the stocks of the two companies in place of Bharat Petroleum Corporation and Britannia. 

The changes would come into effect on March 28, 2025 (close of March 27, 2025).

“Zomato Ltd.(average free-float market capitalisation INR 1,69,837 Cr) and Jio Financial Services Ltd. (average free-float market capitalisation INR 1,04,387 Cr) have been included in Nifty 50 index as the 6-month average free-float market capitalisation of these companies within eligible universe is at least 1.5 times the 6-month average free-float market capitalisation of the smallest constituents i.e. Bharat Petroleum Corporation Ltd. (average freefloat market capitalisation INR 60,928 Cr) and Britannia Industries Ltd. (average free-float market capitalisation INR 64,151 Cr) respectively,” Nifty 50 said. 

Zomato and Jio Financial Services will now be excluded from the Nifty Next 50 index. Meanwhile, Zomato’s archrival Swiggy has been included in the Nifty Next 50 index. Besides, Swiggy has also made its way to Nifty 100, Nifty India New Age Consumption and Nifty India Digital.

As part of the revisions, Ola Electric has made its way to Nifty Midcap 150, while Delhivery has been excluded. Among the other new-age tech stocks, NSE has excluded EaseMyTrip from Nifty Smallcap 250 and included Delhivery to the index. The traveltech company’s shares have also been excluded from Nifty MidSmallcap 400, and shares of FirstCry parent Brainbees Solutions, Ola Electric have been included.

Delhivery has been excluded from Nifty Midcap 100, while Ola Electric has been included. Delhivery has also been excluded from Nifty 200 and Nifty LargeMidcap 250, while Ola Electric and Swiggy have been included in the two indices, respectively. The logistics company’s shares have found a place in Nifty Smallcap 50 and Nifty Smallcap 100. 

Ola Electric has also been included in Nifty EV & New Age Automotive index.

Fintech company PB Fintech has been included in Nifty Midcap Select index and Paytm is now included in Nifty Midcap 50. Paytm has also been included in the Nifty Financial Services Ex-Bank. Nifty Microcap 250 has seen inclusion of Awfis, Zaggle and BlackBuck, while Nifty Total Market will see inclusion of Awfis, FirstCry, Ola Electric, Zaggle, BlackBuck and Swiggy.