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The article, likely from a financial news source, reports on potential changes to the Nifty 50 index. This prestigious index tracks the performance of the top 50 companies listed on the National Stock Exchange of India. It is a crucial benchmark for investors and a reflection of the Indian economy's health.
The report suggests that two new entrants, Jio Financial and Zomato, may be included in the Nifty 50. Jio Financial, a financial services company spun off from Reliance Industries, has seen significant growth and market capitalization. Zomato, a popular food delivery platform, has also garnered investor attention due to its expansion and growth potential.
On the other hand, the article indicates that two existing companies, BPCL (Bharat Petroleum Corporation Limited) and Eicher Motors, may be removed from the Nifty 50. This likely reflects their recent performance, market capitalization, and potential for future growth.
The article highlights the dynamic nature of the Indian stock market and the constant re-evaluation of companies based on their financial performance and market position. The potential inclusion or exclusion of companies from the Nifty 50 can have significant implications for investors and the overall market sentiment.
Source: Jio Financial, Zomato may enter Nifty 50; BPCL, Eicher likely to exit: Report