How will changes in MSCI India index impact stock flows?


NEW DELHI: MSCI has announced a couple of inclusion and exclusion, along with changes in weightages of a few Indian stocks, which will influence flows in these stocks.

Global indices service provider has added four stocks to its MSCI India index, namely Tata Elxsi, Adani Power,

& Power and . Tata Elxsi is likely to see flows of $188 million, followed by $150 million each in and Jindal Steel & Power, Edelweiss said in a note.

AU Small Finance Bank is expected to see an inflow of $78 million.


Reliance Industries, whose weightage has increased in the index, is expected to see a $335 million inflows.

“On expected lines,

share count will increase due to partly paid conversion to ordinary shares seen in November 2021 and the consequent weight up will lead to approximately inflow of $335 million,” Edelweiss said.

Sun Pharma ($90 million),

($55 million), ($35 million), ($25 million) and ($20 million) are some other stocks that could benefit from a rise in their weightages in the MSCI index.

Meanwhile, may see $225 million in outflows following a cut in index weightage. , NTPC, Vedanta, , and are expected to see $100-220 million outflows.

JSW Steel, Info Edge,

, HDFC, Tata Consumer, and are some other stocks, which may see outflows, due to trimming of their weightages in the MSCI index.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)

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