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According to the announcement made on Wednesday, China's weightage in the MSCI index will reduce from 25.4 percent to 25 percent, while India's weightage will increase from 18.2 percent to 19 percent. These changes will be effective from May 31. MSCI will add 13 more Indian companies to the global benchmark index from the end of May. Which is highest among emerging markets. JSW Energy, Canara Bank, Indus Towers are among the large-caps. While midcap includes Mankind Pharma, Bosch, Solar Industries, NHPC, Torrent Power, Thermax, Jindal Stainless and Sundaram Finance. Indian shares are ranked 149th in the MSCI Global Standard Index. Which is the largest number so far for the country.
The report will now focus on the consistently published reports of massive foreign portfolio investors (FPI) fund withdrawals from India in April and May. Because, India has increased its credibility at the international level. Which will play an important role in restoring the interest of foreign investors in Indian markets and attracting capital inflows. Morgan Stanley Capital International (MSCI) is a global firm that provides investment data and analysis services to investors, including tracking emerging market stocks. India's prestige and weight in MSCI's Global Standard Index has increased. This trend will also take India to new heights on the economic front, which will help in attracting new money inflows into the Indian stock markets. Not only this, India is moving closer to China in this index. This review of May will bring inflow of about 2 billion dollars into India. Continued inflow of domestic institutional investors and continued participation of foreign investors means India could cross 20 per cent weighting in the MSCI Global Standard index in the second half of 2024. India's growing prominence among emerging markets is due to its strong equity performance. India has outperformed other emerging markets, especially in the mid-cap segment. China has also performed weakly in this segment. Therefore India has got strength in this segment.
