NSE rejig tomorrow: Zomato, Jio Fin's Nifty inclusion to add $910 million

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NSE rejig tomorrow: Zomato, Jio Fin's Nifty inclusion to add $910 million - Business Standard

Quick Summary:

The Nifty indices semi-annual rejig is set to take place on March 27 and will be "action-packed", according to Nuvama, as it also coincides with the monthly and weekly derivative expiry.

Post the rejig, Nifty 50 FY26 price/earnings will increase from 19.9x to 20.2x, while the earnings per share (EPS) will fall from ₹1,186 to ₹1,171, Nuvama said in the note.

In the Nifty index, stocks of Grasim, Adani Enterprise, UltraTech Cement and Cipla will see their weight increase, thereby bringing in an inflow of about $29 million.