New Delhi, Feb. 24 -- The entry of new-age tech stocks Zomato and Jio Financial Services into the benchmark Nifty 50 is expected to expand the index's valuation by 2.5%.

Zomato and Jio Financial Services will enter the Indian stock market benchmark index Nifty 50 from March 28, 2025, as announced by the National Stock Exchange (NSE), in the upcoming semi-annual indices reshuffle.

The food delivery giant Zomato and Reliance Industries' non-banking financial arm, Jio Financial Services Ltd, will replace state-run oil refiner Bharat Petroleum Corporation Ltd. (BPCL) and FMCG major Britannia Industries in the Nifty 50 index.

BPCL and Britannia Industries with trailing price-to-earnings (P/E) ratio of 8x and ~57x, respectively, will be repl...