Rebalancing changes to NSE index components will be effective from March 27, 2025 until closing date. Meanwhile, the stocks contained in the Bluechip NSE index are Zomato and Jio Financial Services.
Exclusions from the heavyweight index are Bharat Petroleum Corporation Limited (BPCL), a state-run oil refinery, and Britannia Industries, a FMCG player.
According to JM Financial estimates, including Jio Financial Services, there will be a passive inflow of $278 million, while Mukesh Ambanipehipe Fintech Company’s Jio Financial will be $544 million.
This rebalance matches the monthly and weekly F&O expiration dates.
Additionally, the exclusion of Britannia and BPCL, resulting in an estimated net outflow of $204 million and $225 million, respectively.
Furthermore, while the weight of the Grasim industry increases, the weight of Bajaj Finance decreases, resulting in a $71 million outflow.
Zomato and Jio Financial Services are down by up to 23.8 and 24.5% on a quarterly (QTD) basis, respectively.
