The rebalancing for the changes in the NSE indices constituents is effective from March 28 i.e. from the closing of March 27, 2025. While the stocks to be included in the bluechip NSE index are Zomato and Jio Financial Services.
While the exclusions from the heavyweight indices are state-run oil refiner Bharat Petroleum Corporation Limited (BPCL) and FMCG player Britannia Industries.
According to JM Financial estimates, the inclusion of Jio Financial Services will result in a passive inflow to the tune of $278 million, while that of Mukesh Ambani-led fintech company Jio Financial will be as much as $544 million.
This rebalancing also coincides with the monthly and weekly F&O expiry.
Additionally, due to the exclusion of Britannia and BPCL, there is estimated a net outflow of $204 million and $215 million, respectively.
In addition, the weightage of Grasim Industries will be increased, while that of Bajaj Finance shall see a decrease, resulting in an outflow of $71 million.
Zomato as well as Jio Financial Services, on a quarter-to-date (QTD) basis has declined up to 23.8 and 24.5 per cent, respectively.
