Shares of food delivery giant Zomato and Mukesh Ambani-backed Jio Financial Services will be added to the benchmark Nifty 50 on Thursday as part of the semi-annual rebalancing by Nifty Indices, bringing in a passive inflow of $544 million and $278 million, respectively, according to JM Financial. The reshuffle, which coincides with Nifty’s derivatives expiry,…
READ MOREThe semi-annual rejig of Nifty indices is set for Thursday, March 27, with Zomato and Jio Financial Services set to enter the Nifty 50 index, driving combined cumulative inflows of $591 million across passive funds, according to Nuvama Alternative & Quantitative Research. Meanwhile, the exclusion of Britannia Industries Ltd. and Bharat Petroleum Corp Ltd. (BPCL)…
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