New Delhi, March 27 -- The Nifty 50 index is set to witness an increase in its valuation in terms of price-to-earnings (P/E) ratio following the inclusion of Zomato and Jio Financial Services in the upcoming March rebalancing. These stocks will officially join the index on March 28, replacing Bharat Petroleum Corporation (BPCL) and Britannia Industries.

The shift marks a notable change in the composition of the Nifty 50, as high P/E, new-age tech-driven stocks replace traditional sectors like FMCG and oil & gas.

The current Nifty 50 P/E ratio stands at 19.9x, based on an estimated earnings per share (EPS) of Rs.1,186 for FY26. However, according to Abhilash Pagaria, Head of Nuvama Alternative & Quantitative Research, post the rebalancin...