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

MSCI Global Standard Index: BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty are set to join the MSCI Global Standard Index following its recent reshuffle on 7 November. The adjustments 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 these five inclusions and no exclusions, the number of Indian stocks in the MSCI Standard Index will rise to 156. Among the new entrants, Voltas is expected to draw the 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.

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

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

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

The shares of the bank were trading flat with 0.23 per cent decline amid broader market volatality.