Zomato, Jio Financial Services shares gain ahead of Nifty 50 entry; likely to attract over $900 million inflows
Zomato share price and Jio Financial Services share price gained up to 3% in early trade on Thursday ahead of their inclusion in the benchmark Nifty 50 index, a move expected to drive substantial passive fund inflows into these stocks.
Zomato shares surged as much as 2.68% to ₹208.75 apiece, while Jio Financial Services shares rose as much as 1.95% to ₹226.75 apiece on the BSE.
Food delivery giant Zomato and Reliance Industries’ arm Jio Financial Services will enter the benchmark Nifty 50 index in the March rebalancing of Nifty indices. The adjustment is set to take place on March 27, with the stocks being included in the index from March 28.
Zomato will replace state-run Bharat Petroleum Corporation (BPCL), while Jio Financial…
