MSCI index reshuffles, Paytm to be listed out
The MSCI index has reviewed 13 additions and 3 deletions in the recent index context.
The MSCI adjustments will take place till May 31, and India is expected to witness a net inflow of upwards of $2.5 billion in FII passive flows. The MSCI rejig may augment attracting $2.5 billion in total passive inflows to India.
YES, Bank Ltd, Suzlon Energy Ltd, Vedanta Ltd, Zomato Ltd, and Polycab India Ltd are some of the stocks whose weights have been raised in the MSCI Global Standard index in May review, the global index aggregator.
PB Fintech Ltd (Policybazaar), Sundaram Finance Ltd and NHPC, on the other hand, are stocks that are included in the MSCI Global Standard Index. Other shares that were included in the index: Solar Industries, Mankind Pharma, Bosch, Indus Towers, and Canara Bank.
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Three stocks namely One 97 Communications Ltd (Paytm), Indraprastha Gas Ltd (IGL) and Berger Paints Ltd have been removed from the global standard index, data showed.
Paytm and IGL have been shifted to the MSCI Smallcap index. Others in the smallcap index included HUDCO, Vedanta Fashions, Waaree Renewable, RR Kabel, Gillette India, Force Motor, and Va Tech Wabag.
There will be 13 inclusions and three exclusions and the net stock count post-rejig will be 146 for India in the MSCI Standard/EM Index.
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There would be a net inclusion of 14 stocks in the Smallcap Index, bringing India's total stock count in the small-cap index to 497.
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