Avenue Supermarts, Info Edge in contention for inclusion in Nifty 50

Avenue Supermarts and Info Edge are seen as the frontrunners to get added to the benchmark Nifty 50 index during the semi-annual review slated for September. Indian Oil or Coal India or both could get booted out of the blue chip company index, which is tracked by funds with assets under management of nearly $20 billion.

Avenue Supermarts, the company that operates the DMart retail chain, meets the market capitalisation criteria. However, the stock is not part of the derivatives segment, another key criterion that is required to be met for index inclusion. Analysts see a strong chance of the