nifty next 50 index february rebalancing nifty zomato jio financial services inclusion deletion hyundai motors swiggy

As per the NSE's Index Reconstitution Calendar, wide marketplace indices including Nifty 50, Nifty 100, Nifty 100 and Nifty Next 50 among others are rejigged semi-annually with the effectual day of change being the past moving time of March and September.

The changes successful the indices are announced by the Index Maintenace Sub-Committee (Equity) of NSE Indices pursuing a reappraisal based connected liquidity arsenic good arsenic marketplace capitalisation oregon m-cap. Importantly, for the semi-annual reappraisal of indices, mean information for six months ending the cut-off day is considered and the announcement will beryllium based connected the mean escaped interval marketplace capitalisation between 1 August 2024 and 31 January 2025

Zee Business probe estimates the inclusion of 7 companies into the Nifty Next 50 index- representing 50 companies from the Nifty 100 universe after excluding the Nifty 50 companies. As on September 30, 2024, the Nifty Next 50 Index represents astir 12.6 per cent of the escaped interval marketplace capitalization of the stocks listed connected NSE.

Hyundai and Swiggy whitethorn beryllium included successful the scale successful February rebalancing, added the probe desk. Further different companies that whitethorn beryllium added to the scale are Bharat Petroleum Corporation (BPCL), Britannia, CG Power, Indian Hotels and Polycab India.

Meanwhile, after Zomato's introduction into the BSE 30-share Sensex index, it is apt to be added to the Nifty50 scale successful the February rejig. Besides, Jio Financial Services is besides different imaginable entrant successful the Nifty50 index.

Due to the introduction and exit of stocks successful the Nifty Next 50 index, analysts expect passive funds transaction of up to Rs 5000 crore
 

Nifty50 stocks that whitethorn go portion of Nifty Next 50 index 

Presently portion of the frontline Nifty50 index, BPCL and Britannia are seen moving to the Nifty Next 50 index.

Stocks that whitethorn spot exclusion from Nifty Next 50 index 

4 PSUs including IRFC, BHEL, NHPC and IRCTC unneurotic with state-run lender Union Bank are apt to exit the Nifty Next 50 index. Besides Zomato and Adani Total Gas whitethorn besides beryllium excluded from the index.