Among the seven stocks joining the MSCI Global Standard Index, Dixon Technologies is projected to attract the largest passive inflows, estimated at $257 million. Vodafone Idea is expected to follow closely, with anticipated inflows of $254 million.
n a significant shift announced on August 13, 2024, MSCI will rebalance its indices, leading to a projected $5.5 billion in net inflows into the Indian stock market. The changes, set to take effect after trading closes on August 30, include the addition of nine new stocks to the MSCI Global Standard Index. Among them, Dixon Technologies is anticipated to attract the largest influx of passive investments, estimated at $257 million, followed closely by Vodafone Idea with $254 million in inflows.
Additionally, MSCI will enhance the weight of HDFC Bank in the index through a two-phase adjustment. The first phase will follow today’s rebalancing, with a second phase slated for November, contingent upon meeting the foreign headroom criteria.
Other notable additions include Zydus Lifesciences and Oil India, each expected to garner inflows of over $200 million, while Rail Vikas Nigam Ltd (RVNL) is projected to see $180 million. Prestige Estates Projects and Oracle Financial Services are forecasted to attract $160 million and $152 million, respectively.
The rebalancing is expected to elevate India’s weight in the MSCI Emerging Market (EM) Index to a record 20%, up from 19.4%, highlighting India’s growing influence in global markets and enhancing its capital inflows.
Ref: Financial Express
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