Synopsis
BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty will join the MSCI Global Standard Index, attracting passive inflows of $2.5 billion, with Voltas leading at $312 million. HDFC Bank’s weightage increase will trigger inflows of $1.87 billion. Additionally, 13 stocks will join the MSCI India Smallcap Index, collectively attracting $71 million. India’s MSCI Emerging Market Index weight will rise to 19.8%.
BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty will now be part of the MSCI Global Standard Index following its latest rejig, according to a statement released on Thursday. The changes will take effect from November 25.
Meanwhile, India is expected to see net FII passive inflows of approximately $2.5 billion due to the rebalance, according to Nuvama Alternative & Quantitative Research.
Source Link: MSCI November rejig: BSE, Voltas among 5 inclusions; India to gain $2.5 billion in passive flows - The Economic Times