Morgan Stanley Capital International (MSCI) will rejig its MSCI Standard Index on November 15 and analysts are expecting a decent inflow of cash in these stocks after entering into the much-tracked index.
Morgan Stanley Capital International is an investment research firm that provides stock indexes, portfolio risk and performance analytics, and governance tools to institutional investors and hedge funds. The firm is perhaps best known for its series of stock indexes, which are used by many mutual funds and ETFs as benchmarks.
According to Nuvama Alternative and Quantitative Research report, IndusInd Bank Ltd entry may see an inflow of USD 290 million in the stock, Suzlon Energy may get USD 264 million, Persistent System might see USD 258 million in inflows, and One97 Communication may receive USD 163 million.
In addition, the following stock could also enter the MSCI Standard Index. APL Apollo entry could see an inflow of USD 227 million, Poycab might get an inflow of USD 190 million, Tata Motors DVR may see USD 173 million in inflows, Marcotech Developers may receive 183 million, and Tata Communications might get a 160 million inflow.
Moreover, according to the reports, MSCI will also announce changes to the MSCI Smallcap index which could see fresh additions of Gokaldas Exports, SJVN, HCC, PTC India, Gateway Distriparks, Arvind Ltd, Electrosteel, DB Realty, Orient Cement and Gabriel India, Astra Microwave and more.
Furthermore, Force Motors, Redtape, Texmaco Rail, Astra Microwave, Lloyds Engineer, Jai Balaji, AGI Greenpac, Tilaknagar Industries, PG Electroplast, IFCI, Man Infra, Pricol and Wonderla. Each of these stocks might see an inflow between USD 3 million to 7 million dollars.
Inclusion or increase in stock weightage in global indices leads to inflows from passive funds, which track that index. Exclusion from these global indices usually leads to outflows.
Written By Vaibhav Patil
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