Published 11:59 IST, November 7th 2024

MSCI November rejig: These 5 stocks to enter Global Index - What changes?

Adani Green could not be included in the index citing low confidence in the stock's free float as a key factor, after which the stock has tumbled nearly 9%.

Reported by: Business Desk
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MSCI Global Standard Index | Image: Freepik
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MSCI Global Standard Index: BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty are set to join MSCI Global Standard Index following its recent reshuffle on 7 November. justments will take effect on 25 November, and market analysts anticipate that India could see a net inflow of approximately $2.5 billion in Foreign Institutional Investor (FII) passive flows due to this rebalance.

With se five inclusions and no exclusions, number of Indian stocks in MSCI Standard Index will rise to 156. Among new entrants, Voltas is expected to draw highest inflow, estimated to exceed $300 million, while BSE may see inflows of around $260 million, according to estimates from Nuvama. Kalyan Jewellers, Oberoi Realty, and Alkem Laboratories are projected to attract passive inflows of approximately $241 million, $215 million, and $201 million, respectively.

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re was considerable speculation about ani Energy's possible inclusion; however, stock was ultimately excluded. MSCI explained this decision, citing low confidence in stock's free float as a key factor.

As a result, shares of ani Energy were tring 9 per cent down as of 11:08 am on Thursday. 

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In dition, HDFC Bank will receive second phase of its weightage increase in index, generating furr inflows. This follows MSCI’s August reshuffle, where it announced weightage increase for HDFC Bank , deciding to implement it in two stages rar than in a single justment.

shares of bank were tring flat with 0.23 per cent decline amid broer market volatality. 

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11:17 IST, November 7th 2024

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