The National Stock Exchange of India Ltd (NSE) on Friday announced several key stock replacements in its benchmark market indices, including Nifty 50, Nifty 100, and Nifty Next 50 as part of a periodic review. The changes will be effective from March 28, 2025. The NSE’s index maintenance sub-committee (equity) announced the latest changes following its half-yearly review of the indices. How NSE replaces its constituents NSE reviews and rebalances the Nifty 50 index twice a year (usually in March and September). CA Himank Singla of SBHS Associates explains: The Nifty 50’s stock inclusion criteria include… “When a company fails to meet these criteria, it gets removed, and a more eligible stock replaces it,” says Singla. Regarding the Nifty 50 changes, Zomato and Jio Financial’s six-month average free-float market cap at ₹1,69,837 Cr and ₹1,04,387 Cr, respectively, exceed 1.5 times that of the Nifty 50’s smallest constituents, Bharat Petroleum (₹60,928 Cr) and Britannia Industries (₹64,151 Cr), making them eligible for inclusion, the stock exchange said in a press release on Friday. Here are some changes in NSE’s other indices Besides these indices, NSE has also made changes to the Nifty Midcap 50, Nifty Midcap 100, Nifty Midcap 150, Nifty Smallcap 250, Nifty Midcap Select, and Nifty 500. For full list of stocks, investors refer to the NSE website.