2024-05-15 11:03:35
India to get $2.5 billion FII boost from MSCI rejig, 21 stocks to benefit India's weight in the MSCI Emerging Markets index will increase to around 19% on May 31, attracting FII inflows of $2.5 billion. The adjustments will affect India's stock count in the MSCI Standard/EM and Smallcap Indexes. China, with a 25.7% weight, has the highest representation in the MSCI EM Index.
Stocks in focusMSCI has announced that it will include 13 stocks - Policybazaar, Sundaram Finance, NHPC, Phoenix Mills, Indus Towers, Bosch, Jindal Stainless, Solar Industries, Torrent Power, Mankind Pharma, JSW Energy, Canara Bank and Thermax. At the same time, 8 stocks - AU Small Finance Bank, Vedanta, Macrotech Developers, Zomato, Polycab, Samvardhana Motherson, YES Bank and Suzlon Energy - will see their weights going up once the reshuffle is completed on May 31.
Source: ET
10.4K views08:03