New Delhi, Feb. 20 -- Zomato and Jio Financial Services shares are likely to enter the benchmark Nifty 50 index during its upcoming rebalancing in March 2024, leading to substantial inflow of passive funds in these shares.

According to estimates by Nuvama Alternative & Quantitative Research, Zomato and Jio Financial Services shares will replace state-run oil refiner Bharat Petroleum Corporation Ltd (BPCL) and FMCG major Britannia Industries in the 50-share index - Nifty 50.

"The upcoming March 2025 rejig is shaping up to be an action-packed event, with expectations of two key stocks replacing some of the market's underperformers in India's most widely tracked domestic index - the Nifty 50. Based on our analysis, we are confident that Zo...