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MSCI India Index: A total of 13 new companies have been included in the May review of the MSCI India index, while 3 have been excluded. Due to significant changes, Paytm has been dropped from this global standard index. While Indus Towers, PB Fintech, Phoenix Meals have entered.
Nuwama Alternative and Quantitative Research expects these changes, effective from May 31, to result in investment inflows of $2.5 billion in FII passive inflows.
These 13 stocks were included
PB Fintech is the largest inclusion in the MSCI Global Standard Index with $283 million. Sundaram Finance ($243 million), Phoenix Mills, Indus Towers ($216-234 million) have been included. Also included in the $154-185 million range are Canara Bank, Jindal Stainless, JSW Energy, Mankind Pharma, Solar Industries, Thermax and Torrent Power.
exit these stocks
Paytm exited the MSCI index with an outflow of $70 million. Apart from this, Berger Paints ($117 million), Indraprastha Gas ($113 million) have also made withdrawals.
These stocks are included in the MSCI Smallcap Index
29 companies joined the MSCI India Smallcap Index, while 15 companies left. Aditya Birla Sun Life, Domes Industries, RR Cable, Va Tech Wabag, Tips Industries, Gillette India, HUDCO have entered while Indoco Remedies, Polyplex Corp, Alok Industries, Dreamflox Services have exited.
What is MSCI index?
MSCI stands for Morgan Stanley Capital International, an investment research firm. Which provides institutional investors and hedge funds with tools for stock index, portfolio risk and performance analysis and compliance. The MSCI Global Index lists shares from the world's developed stock markets. With the help of which you can get evaluation about the performance of that segment and the stocks of that segment.