On September 7, Jio Financial Services will no longer be included in the Nifty50 and other indices.
The demerged non-banking financial services division of the Mukesh Ambani-led Reliance group, Jio Financial Services Ltd., is scheduled to be removed from the Nifty50 and other major indices on September 7, which is a momentous development for the Indian financial markets. The National Stock Exchange (NSE) made this announcement, which has broad ramifications for investors…