Jio Financial to be excluded from NSE indices on Sept 7

Jio Financial Services (JFS) will be removed from the NSE Indices including the Nifty 50 from September 7, National Stock Exchange said in a press release. “In accordance with the index methodology, as JIOFIN has not hit price band on two consecutive trading days on September 4, 2023 and September 5, 2023 at NSE, the Index Maintenance Sub-Committee (Equity) has decided to exclude JIOFIN from various indices effective from September 7, 2023 (close of September 6, 2023),” the press release stated on September 5. If Jio Financial Services hits the price band on September 6, the exclusion shall