Jio Financial, Zomato can be a part of Nifty 50 soon, said a note by Abhilash Pagaria, Head, Nuvama Alternative and Quantitative Research, who believes that these two stocks make it to the futures and options (F&O) segment by the third week of August, both these scrips can be a part of the Nifty 50 index later this year.
Index Rejig
The market regulator tweaked the selection criteria for stocks to join and exit the derivatives (F&O) segment on Thursday, June 27. As per Nuvama’s understanding, Sebi can introduce new inclusions within few weeks after the official circular of the revised methodology. There are around 65 stocks that meet the criteria, but the final decision remains with Sebi, it said.
“The exit criteria based on performance would be applicable three months after the date of issuance of the circular. So, there are still a few months for exclusions to happen,” Nuvama said.
Some of the stocks, according to Nuvama that face removal from the F&O segment as per the revised methodology discussed on June 27 include Balrampur Chini, Can Fin Homes, GNFC, Bata India, Deepak Nitrite, L&T Technology, Dr Lal Pathlabs and Sun TV.
 "Likely F&O inclusion")
Likely F&O inclusion
On the other hand, some of the stocks that can be included in the F&O segment as per Sebi’s revised methodology discussed on June 27 include Zomato, Jio Financial Services, IRFC, BSE, HUDCO, Titagarh Rail, Patanjali Foods, Gland Pharma, Rail Vikas Nigam Limited (RVNL), Ircon International, Angel One, Nuvama said.
The thresholds
 "Likely F&O exclusions")
Likely F&O exclusions
The regulator also stipulates that the Average Daily Value (ADV) over the last six months must not fall below Rs 30 crore, compared to the previous threshold of Rs 10 crore. Additionally, a PSF Framework will be used to evaluate the exit of stocks.
First Published: Jun 28 2024 | 8:45 AM IST
