Nifty Next50 Index Revision: Swiggy, Hyundai Join as Jio Financial, Zomato Exit

Major Reshuffle: Swiggy, Hyundai Among Seven New Entrants in Nifty Next50 Index

The National Stock Exchange (NSE) has announced significant changes to its Nifty Next50 index, introducing seven new companies while removing an equal number in its latest semi-annual review. This restructuring reflects the dynamic nature of India's evolving corporate landscape and the emergence of new-age companies in the market.

New Additions to Nifty Next50

The following companies have secured their positions in the prestigious index:

• Bajaj Housing Finance
• BPCL (Bharat Petroleum Corporation Limited)
• Hyundai Motor India
• Indian Hotels
• Swiggy
• CG Power
• Britannia Industries

Companies Exiting the Index

To accommodate the new entrants, the following companies will exit the Nifty Next50:

• Adani Total Gas
• BHEL (Bharat Heavy Electricals Limited)
• IRCTC (Indian Railway Catering and Tourism Corporation)
• Jio Financial Services
• NHPC
• Union Bank of India
• Zomato

Related Nifty50 Changes

In a parallel development, the flagship Nifty50 index is also witnessing significant changes:

• New Entrants: Zomato and Jio Financial Services will join the Nifty50
• Exits: BPCL and Britannia Industries will move out of the index

Expected Market Impact

According to JM Financial's projections, these changes will trigger substantial fund flows:

• Zomato could see passive inflows of $702 million
• Jio Financial Services may attract $404 million in inflows
• BPCL and Britannia Industries might face outflows of $240 million and $260 million respectively

Implementation Timeline

All these changes will become effective from March 28, 2025, giving market participants adequate time to adjust their portfolios accordingly.

About Nifty Next50 Index

The Nifty Next50 serves as a crucial bridge between large-cap and mid-cap segments, comprising companies ranked from 51 to 100 by market capitalization on the NSE. The index undergoes semi-annual reviews based on multiple factors:

• Market capitalization
• Trading liquidity
• Sector representation
• Overall market relevance

This rebalancing ensures the index maintains its relevance and provides investors with exposure to emerging large-cap opportunities in the Indian market.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Categories: index rebalancing, Indian stock market updates, Nifty Next50 changes