Status quo likely in September review of Nifty but not for long

Newly listed start-up Zomato is seen entering the index before the end of 2022

The composition of the Nifty50 index is unlikely to change during the semi-annual review, slated for September. The two key stocks in contention — Info Edge and Avenue Supermarts — are yet to fulfil the inclusion criteria, even as the cutoff date of July 30 nears. This despite the Nifty positions of state-owned Indian Oil and Coal India — the lowest-ranked index constituents, in terms of free-float market capitalisation — appear in danger.

For Info Edge to dislodge Indian Oil, its average free-float market cap between February and July has to be 1.5x higher than that of the oil marketing company.