Zomato, Paytm and Nykaa to get a seat in junior Nifty50 index

• ByStartupStory     |    February 28, 2022

In the upcoming semi-annual index reviews, three recently listed new-age companies – Zomato, One97 Communications (Paytm) and FSN E-commerce Ventures (Nykaa) – will become part of Nifty Next50 index, leading to inflows of $33 million, $11 million and $9 million, respectively. Market analysts noted that the new eligibility criteria has helped Nykaa and Paytm to get included in Nifty Next50. Constituents should have a minimum listing history of one calendar month as on the cut-off date vs earlier requirement of 3 months,” Abhilash Pagaria, Head, Alternatives research, Edelweiss Securities, said.

“This has paved the way for stocks like Nykaa, Paytm, Policybazaar and Latent View which got listed after October 2021.” NSE has announced shuffling in other indices including Nifty50, Nifty500, Nifty100 and Nifty 150 among others. The changes will also be applicable to Nifty50 Equal Weight Index, the nation’s largest bourse said in a media statement. Nifty50 is reconstituted twice every year in March and September

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