BAJAJ BROKING
MSCI's quarterly rebalancing adds 13 stocks to its Global Standard Index, raising India's MSCI EM Index weight to 18.8%. Potential inflows of $2 billion are anticipated, with top beneficiaries including Indus Towers, PB Fintech, and Phoenix Mills.
MSCI's quarterly rebalancing, scheduled to take effect after market close on May 31, is poised to inject approximately $2 billion into Indian equity markets. This move will see significant adjustments to the MSCI Global Standard Index, impacting various Indian stocks.
Additional Read: Exide Industries Poised for Growth
Thirteen new stocks are set to join the MSCI Global Standard Index, including Bosch, Canara Bank, Indus Towers, Jindal Stainless, JSW Energy, Mankind Pharma, NHPC, PB Fintech, Phoenix Mills, Solar Industries, Sundaram Finance, Thermax and Torrent Power. The index is expanding to accommodate up to 146 Indian counters
Conversely, three stocks, namely Paytm, Indraprastha Gas, and Berger Paints will be excluded from the index.
Nuvama Institutional Equities forecasts substantial inflows for select stocks, with Indus Towers expected to receive the highest at $224 million, followed by PB Fintech and Phoenix Mills. Other inclusions may witness inflows ranging from $144 to $207 million. Thermax stands on the cusp of inclusion, with potential inflows of $139 million.
Excluded stocks such as Paytm, Indraprastha Gas, and Berger Paints could experience combined outflows of approximately $283 million due to their removal from the MSCI index.
The MSCI Small Cap Index will also undergo modifications, incorporating 497 listed entities from India. Inclusions like Waaree Renewable and Vedant Fashions will join, while exclusions such as Tatva Chintan Pharma and Borosil are expected.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Share Market Today | Gift Nifty Signals 100-Point Gap Down, Nifty to Consolidate
06 Sep, 2024 | 4 Min. read
KEC International Secures ₹1,423 Cr Transmission Line Order in Saudi Arabia
06 Sep, 2024 | 1 Min. read
Ashoka Buildcon’s Viva Highways Monetises Pune Land for ₹453 Crore
06 Sep, 2024 | 2 Min. read
Peak Partners To Sell 11% Stake in Indigo Paints via Block Deal
06 Sep, 2024 | 2 Min. read
US Initial Jobless Claims Drop to 227,000 in August.
06 Sep, 2024 | 1 Min. read
Commodities Market Today | WTI Crude Steady at $69.18, Gold Rises 0.8% to $2,546
06 Sep, 2024 | 1 Min. read
Gold Rate Today | Gold Rises 0.8% to $2,546, Silver Gains 2% to $29.14
06 Sep, 2024 | 2 Min. read
Vodafone Idea Share Price Falls 11% After Goldman Sachs Report
06 Sep, 2024 | 1 Min. read
Suzlon Energy Share Price Rises After Corporate Office Sale
06 Sep, 2024 | 1 Min. read
Why is the Stock Market Down Today? Key Factors Explained
06 Sep, 2024 | 1 Min. read
Sona BLW Precision Forgings Plans ₹2,400 Crore QIP at ₹675-700 per Share
05 Sep, 2024 | 1 Min. read
Commodities Market Today | Crude Oil Drops, Brent Hits Low; Gold and Silver Rise
05 Sep, 2024 | 1 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading