Food delivery company Zomato and Reliance Industries Ltd-owned Jio Financial Services have emerged as leading candidates for potential inclusion in the Nifty 50 index during its March 2025 rebalancing, according to domestic brokerage JM Financial.
The potential addition follows their recent addition to the National Stock Exchange’s (NSE) futures and options (F&O) segment.
JM Financial pointed out that the entry of the two stocks into the F&O segment positions them for possible inclusion in the Nifty 50, a benchmark change that could attract significant passive inflows.
The inclusion of Zomato is projected to generate passive inflows of approximately $607 million, while Jio Financial Services could see inflows of around $372 million, according to JM Financial’s analysis.
Both stocks were trading in the green on Thursday. Zomato shares were trading with a gain of 4.48% to Rs 269.98 apiece while Jio Financial Services shares increased by 6% to Rs 317.40 at around 2:45 pm.
Being part of the F&O segment is a prerequisite for Nifty 50 inclusion, a condition that also opens the possibility of exclusions. Industry speculation suggests that Eicher Motors and BPCL may be on track to exit the index. The potential exit of these two stocks could lead to potential outflows of $239 million and $223 million, respectively, as passive investors adjust their holdings.
The NSE clarified that specific details for newly included stocks—such as market lot sizes and strike price ranges—will be released in an official circular on November 28, a day before F&O trading for these stocks commences.
Other stocks added to the F&O list include BSE, Paytm, Avenue Supermarts, Adani Green Energy, and Adani Total Gas. The Nifty 50 rebalancing changes are expected to be officially announced in February 2025.
