Nifty Next 50 Index to Include Recently Listed Companies Such as Zomato, Paytm, and Nykaa

Name: Nifty Next 50 Index to Include Recently Listed Companies Such as Zomato, Paytm, and Nykaa
Uploaded: 2022-02-26T21:54:53+05:30
Channel: Tanay Singh Thakur
Description: Nifty Next 50 Index to Include Recently Listed Companies Such as Zomato, Paytm, and Nykaa

Reported by Tanay Singh Thakur February 26th, 2022 at 09:54 pm

2021 was a year of startups getting listed and making the founders and co-founders billionaires in India. Now, multiple of these companies are going to be a part of the Nifty Next 50 Index in the coming financial year.

Companies such as Nykaa, Paytm, and Zomato are expected to be a part of the Nifty Next 50 Index. Stocks including Apollo Hospitals Enterprise, Aurobindo Pharma HPCL, IGL, Jindal Steel & Power, and Yes Bank are going to be replaced from the Nifty Next 50 Index from companies such as MindTree, Nykaa, Indian Oil Corporation (IOC), Paytm, SRF, and Zomato.

Another highlight for the coming year would be Bank of Baroda getting replaced by the RBL Bank from the banking index.

Investors who put up their money in startup companies that got listed recently will benefit a lot from this as it is a positive thing.

Reported By

Tanay Singh Thakur Editor in Chief

Tanay is someone who enjoys reading and predicting the markets and what the outcome is going to be like. Following the crypto space, while being a value investor since 2018, Tanay looks to expand the horizon of his knowledge regarding investing and managing money every day.