Apollo Hospital, Info Edge in Nifty 50 race, Indian Oil might make an exit

However, if IOC shares rally 10-15% from current levels over next few weeks and Apollo or Info Edge fall or remain unchanged, there could be a status quo

Apollo Hospitals Enterprise and Info Edge (India) are in the race to get added to the premier Nifty 50 index. Meanwhile, state-owned Indian Oil Corporation (IOC) is seen as exiting the index, as per calculations made by Edelweiss Alternative Research.

To be sure, these are early predictions as the cut-off date for calculating changes to the Nifty indices ends on January 31, 2022. The semi-annual rejig takes place on March 31, 2022 and the changes are formally announced during the second half of February.

"As per our calculations using the four months of existing free float market cap and assumption