An analyst from Anand Rathi said that JSW Steel found significant support near the Rs 930-935 zone, signalling a strong demand area that has managed to halt the stock's decline.

In a development that brought laurels to the food delivery and quick service company, Zomato was included in the coveted BSE Sensex 30, as a constituent, replacing JSW Steel. While Zomato shares were soaring in the intraday trade,

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Food delivery major Zomato is the first new-age tech stock to replace JSW Steel in the BSE Sensex as part of the index reconstitution, which will come into effect from December 23. The food delivery platform's entry in the 30-stock index comes amid a stellar rally seen in the counter during the last 12 months,

Zomato shares climbed nearly 4% on Monday after being included in the BSE Sensex, while JSW Steel shares dropped over 2%.

Zomato's Sensex entry follows the stock's inclusion in the futures and options (F&O) segment. Zomato is also expected to be added to several other indices

Shares of online food delivery firm Zomato climbed nearly 4% on Monday following news that it will become a part of the BSE benchmark Sensex from December 23.

Over the past 12 months, Zomato's stock has delivered an impressive 130% return, significantly outperforming the Sensex's 20% return during the same period. In comparison, JSW Steel, the outgoing constituent of the Sensex,

The foodtech major is also expected to be included in the Nifty 50 benchmark index, potentially leading to fund inflows of $607 million.

Zomato's shares surged 7% as it is set to replace JSW Steel in the BSE Sensex, effective December 23. This inclusion follows a year of impressive growth for Zomato, with its stock delivering 130% returns.