Jio Financial Services and Zomato are likely to join the Nifty 50, replacing BPCL and Eicher Motors, according to a JM Financial report. This signals a shift towards India's booming financial and digital sectors.

In case Zomato and Jio Financial do get included in the Nifty next year, Nuvama expects the exclusion of stocks like BPCL and Eicher Motors from the index. If that happens, Eicher could see outflows worth $263 million and $246 million for BPCL.

The inclusion of Zomato and Jio Financial Services in the Nifty50 would lead to fund inflows of $607 million and $372 million, respectively.

The NSE includes only highly liquid stocks in the F&O segment, ensuring they meet a minimum average daily turnover and display stable price movements. This selection process helps foster a more secure environment for derivatives trading.

If added to Nifty, Zomato is expected to see $661 million in passive flows. Jio Financial, on the other hand, is expected to attract $403 million inflows.

Jio Financial Services and Zomato are poised to replace Bharat Petroleum Corporation Limited (BPCL) and Eicher Motors in the Nifty 50 index druing its rebalancing in March 2024, according to JM Financial.