Jio Financial Services and Zomato along with 77 other stocks could enter the F&O category in the stock market as per the new methodology mentioned in a SEBI circular. Shares of Jio Financial Services closed at Rs 348, up over 8.18%. The stock rose as much as 8.6% to an intraday high of Rs 349.35 on September 02.

The market’s regulator Securities & Exchange Board of India (SEBI) revised eligibility criteria rules for entry and exit of stocks in the derivatives segment.

Further, the inclusion of Jio Financial Services and Zomato into the derivatives segment can also pave the way for these stocks to enter the benchmark index Nifty 50 in the 2025 rejig.

Also, with changes in the entry and exit criteria, eighteen stocks may be removed from the derivates segment, according to a brokerage firm Nuvama.

Apart from that, Jio Finance, a subsidiary of Jio Financial Services, is about to launch home loans, which the company announced in its AGM.

Furthermore, the company said that it is excited about the potential of its joint venture (JV) with BlackRock and is hopeful of receiving the necessary approvals for this business from the regulator.