Jio Financial, Zomato may get Nifty seats at the cost of 2 other stocks

Jio Financial Services and Zomato are potentially set to join the Nifty 50 index as part of the March 2025 rebalancing, according to preliminary estimates, which may come at the expense of Bharat Petroleum Corporation (BPCL) and Britannia Industries, which are projected to be excluded.

The official announcement of the Nifty constituent changes is expected in February, with the changes taking effect from March 31. The index provider bases these rebalancing decisions on the average free-float market capitalisation of companies between August 1 of the preceding year and January 31 of the current year.

Based on the average free float market cap, current projections by domestic brokerage firm JM Financial suggest significant flows associated with these potential changes.


The report from JM Financial highlights that Zomato could see inflows of approximately $620 million, involving 226.6 million shares, with an estimated impact of 3.8 days of trading volume.

Meanwhile, Jio Financial Services is projected to attract inflows of around $356 million, involving 109.2 million shares, with an estimated impact of 6.1 days of trading volume.

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On the other hand, the potential exclusions could lead to outflows. BPCL might see outflows of approximately $212 million, involving 64.6 million shares, with an estimated impact of 10 days of trading volume while Britannia Industries could experience outflows of around $229 million, involving 3.9 million shares, with an estimated impact of 9.8 days of trading volume.

However, it should be noted that these projections are based on current data and are subject to change before the official announcement. The actual changes and their market impact will depend on the final free-float market capitalisation figures.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)