MSCI India Index Rebalancing: 18 Stocks Expected to be Included with $2.7 Billion Inflow

New Delhi, April 9 (IANS) – The MSCI India Standard Index is set to undergo a major rebalancing on May 14 with the inclusion of 18 stocks and an expected inflow of $2.7 billion. JM Financial Institutional Securities has revealed that the price cut-off date for the rebalancing is set for any of the last 10 business days in April.

According to JM Financial Institutional Securities, “Based on the current price, we expect the following inclusions and exclusions. However, the list is subject to change, depending on the stock price prevailing during the cut-off period. Interestingly, the index is expected to see one of the largest inclusions, with a total inflow of $2.7 billion.”

The expected inclusions in the MSCI India Standard Index are Canara Bank, Voltas, Sundaram Finance, PB Fintech, Dixon Technologies, The Phoenix Mills, Indus Towers, Bosch, Zydus Lifesciences, Torrent Power, NHPC, Alkem Laboratories, FSN E-Commerce Ventures, Jindal Stainless, Steel Authority of India (SAIL), ACC, Oil India, and Solar Industries. One97 Communications could be among the exclusions.

The rebalancing announcement is expected to have a significant impact on the Indian stock market as investors prepare for potential changes in the composition of the MSCI India Standard Index. The inclusion of 18 stocks and the anticipated inflow of $2.7 billion are likely to generate interest and affect trading strategies in the coming weeks.

Investors and analysts will be closely monitoring the developments leading up to the rebalancing announcement scheduled for May 14. The final list of inclusions and exclusions will depend on the stock prices during the cut-off period in April, highlighting the dynamic nature of the stock market and the opportunities it presents for investors.