JFSL was to exit all S&P BSE indices on August 29, provided it did not hit the lower circuit in a 3-day period. However, now that the stock has hit the lower circuit again on Thursday, the removal date will be deferred again by another three days.
After a decent opening at Rs 265 on BSE and Rs 262 on NSE at 10 am, JFSL stock soon fell under selling pressure amid block deals. It ended the day 5% lower at Rs 248.90 on NSE and at Rs 251.75 on BSE.
On Thursday, the global index aggregator said Jio Financial will be deleted from all indices with effect from August 22, since it did not commence trading after 20 business days of being added to the index at zero value