Rule changes pave way for Paytm and other new-age stocks in Nifty Next 50

Nifty Next 50 index is a gauge for the performance of top 50 stocks other than those part of the benchmark Nifty 50 index. Stocks in both indices make up the Nifty 100 index

In a surprising move, newly-listed companies Nykaa, Paytm, Policy Bazaar have been added to the Nifty Next 50 index, a gauge for the performance of top 50 stocks other than those part of the benchmark Nifty 50 index. Stocks in both the indices make up the Nifty 100 index.

Their inclusion comes despite a sharp drop in their stock prices in recent weeks. Most analysts had not factored in the inclusion of Paytm and Nykaa, as they didn’t fulfil the earlier inclusion criteria.

NSE Indices, an arm of the National Stock Exchange (NSE) responsible for construction and maintenance of Nifty