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The online food delivery major and fintech from the Reliance Group will replace state-owned Bharat Petroleum Corp Ltd (BPCL) and FMCG major Britannia Industries. These changes will also apply to the Nifty50 Equal Weight index.
The rebalancing is based on the average free float market cap from August 1 to January 31. A stock must be part of the F&O segment to be eligible for inclusion in the Nifty50 index.
Nifty 100 Index Adjustments
The Nifty 100 index will also undergo several additions and deletions. Bajaj Housing Finance, CG Power and Industrial Solutions and Hyundai Motor India will be added, while Adani Total Gas, Bharat Heavy Electricals Limited (BHEL), Indian Railway Catering and Tourism Corporation (IRCTC), National Hydroelectric Power Corporation (NHPC) and the Union Bank of India will be removed.
Nifty 200 Index Changes
The Nifty 200 index will also see a major restructuring. New additions include Glenmark Pharma, Motilal Oswal Financial Services, National Aluminium Company (NALCO) and NTPC Green Energy. Additionally, Ola Electric and Premier Energies will join the index, reflecting the growing prominence of the electric vehicle and renewable energy sectors.
Furthermore, Vishal Mega Mart and Waaree Energies will be added to the Nifty 200, signaling growing investor interest in the retail and renewable energy sectors.
The stocks that will be excluded from the Nifty 200 are: Balkrishna Industries, Delhivery, Fertilisers and Chemicals Travancore, IDBI Bank, Indian Overseas Bank, JSW Infra, MRPL, NLC India, Poonawalla Fincorp, Sundaram Finance and Tata Chemicals.
First Published: Feb 21, 2025 9:07 PM IST
