Jio Financial Services and Zomato Anticipated to Join Nifty Indices

This is based on the strong market performance and strategic positioning of the companies in their respective sectors.

Jio Financial Services is a Reliance Industries spin-off that started hogging the spotlight since its entry into the markets in August 2023.

This specialized demerged company in financial services has experienced humongous growth since then.

In the latest reports, as of early 2024, JFS had been included in the Nifty Next 50, raising its market presence by a substantial margin.

As of March 1, 2024, the stock was trading at Rs 317.65 on the NSE, soon after the entry action on March 28, 2024.

Zomato, an online food delivery and dining discovery platform, is also seen through the eyes of JM Financial as a keen contender for the Nifty indices.