MSCI Index Rejig: Key Stocks to Watch

MSCI Index Rejig: Key Stocks to Watch

VoM News Desk | November 14, 2023 | 09:44 AM IST | Breaking News | Follow on Google News

MSCI Index Rejig: Key Stocks to Watch

Analysts from Nuvama Alternative & Quantitative Research have highlighted several stocks that are likely candidates for inclusion in the MSCI Global Standard Index in its upcoming rejig. Key stocks expected to be added include:

1. IndusInd Bank: Expected to see substantial inflows of approximately $290 million upon its entry into the index.
2. Suzlon Energy: Projected inflows stand at around $264 million.
3. Persistent Systems: Likely to witness inflows of about $258 million.
4. One97 Communications (Paytm’s Parent Company): Anticipated to receive inflows of $163 million.
5. APL Apollo: Expected inflows are approximately $227 million.

Other notable mentions for potential inclusion are Polycab, Macrotech Developers, Tata Motors DVR, and Tata Communications, with anticipated inflows ranging from $160 million to $190 million.

MSCI Smallcap Index Updates

In addition to the MSCI Global Standard Index, changes are also expected in the MSCI Smallcap index. Companies like Gokaldas Exports, SJVN, Hindustan Construction Co, and others might be added, potentially resulting in inflows between $3 and $7 million.

Impact of Rejig and Market Movements

The rejig of the MSCI index is significant as it could lead to sizable fund inflows into these stocks, thereby impacting their market prices and investor interest. The official announcement of the changes is scheduled for November 14th, with the adjustments expected to take place on November 30th.

Market Anticipation and Investor Strategy

VoM News Desk

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