Jio Financial Services to be included in Nifty Next 50

Published : 01 March 2024

After being included in the Nifty Next 50 index, Jio Financial Services share price on March 01 at 12.58 pm on the NSE, trading at Rs 317.65. The NSE revealed the change in its semi-annual assessment of broad market indexes. The stock was added to the index on March 28, 2024. 

Jio Financial Services to be included in Nifty Next 50

Jio Financial Services will be included in the Nifty Next 50 together with Adani Power, Indian Railway Finance Corporation, Power Finance Corporation, and REC. 

Other new Nifty Next 50 Stocks

Adani Wilmar, Muthoot Finance, PI Industries, Procter & Gamble Health, and Hygiene Care will exit the Nifty Next 50.

Stocks to be exit from Nifty Next 50

IIFL Alternative Research anticipates possible inflows of $67 million, while brokerage company Nuvama Alternative and Quantitative Research anticipates potential inflows of $89 million. 

Inflows expected to cross $90 million

Jio Financial Services will be under focus on Thursday, as it is expected to face outflows of $81 million as part of the MSCI index changes, where its weightage has been reduced. 

Jio Financial Services stocks in focus

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