Nifty may sport new look after Sebi's F&O tweak, expand to over 200 firms

Jio Financial, Zomato, and Trent could replace LTIMindtree and Divi's Laboratories

The Nifty 50 index is poised for a revamp as the revised futures and options (F&O) stock selection criteria is seen paving the way for newly listed companies to join the benchmark index, which is tracked by passive funds with combined assets under management of more than Rs 3.5 trillion ($44 billion).

For the first time in six years, the market regulator Securities and Exchange Board of India (Sebi) has tweaked the stock selection process for the derivatives segment that clocks a turnover of Rs 400 trillion daily.

The move is seen triggering a churn in the