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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