Zomato debuts on Sensex, inflows worth over ₹4,000 crore expected

Food delivery giant Zomato debuted on the Bombay Stock Exchange's (BSE) benchmark Sensex Index on Monday. The inclusion is expected to drive inflows worth $513 million into Zomato, brokerage firm Nuvama said. Notably, Zomato has replaced steel giant JSW Steel on the index comprising of the country's top 30 companies. JSW Steel's exclusion is expected to cause $252-million outflows.